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Nothing has changed here at SIRG. SIRG is deep into securing all the needed permits for production and making great progress on that, working with internationally, well-respected companies (Rizzo http://www.rizzoassoc.com/cms/ and CDM SMITTH http://cdmsmith.com/en-US.aspx) who are representing SIRG in the permitting process.
But other penny miners are jealous of the progress SIRG is making, not many ever make it to this level, actually getting permits for production. Some are testing 5 gallon buckets of surface dirt.... and paying $50,000 for that privilege!
LOL
SIRG isn't "sitting around waiting for permits".
FYI - This is a mining start-up, not some two-bit fleapit with a Bobcat moving some dirt in what looks to be someone's backyard.
The production permitting process is one of the most expensive parts of starting a mine. A REAL mine, not some piece of crap that tests five gallon buckets of surface dirt (and pays $50,000 for that honor - LOL).
Hard for other penny miners to see SIRG working with BLM and the state of AZ on permits for production. Jealousy rears its ugly head.
Wonder why that is...
Looks like one is on their deathbed, the other gets sick too. GDSM, WSRA's JV partner, is in a downward spiral, well into the trips now. Looks like this may be affecting WSRA.
While I don't think GDSM can recover, it will be interesting to see if WSRA does and then moves forward without their JV with GDSM. Time will tell.
"Testing" on five gallon buckets of surface dirt IS pointless and other penny miners have been sunk when that "sample testing" has been uncovered. Thank goodness that's not SIRG.
SIRG has legally defined PROVEN RESERVES.
FYI - The testing here has already been done and SIRG has legally defined proven reserves.
Oh, it is cute, silly, etc. what gets peddled here.
Some would probably prefer that SIRG pay $50,000 to test surface dirt in five gallon buckets, but that's not their way. They are actually going into production.
I guess the rumors that other penny mining companies are jealous of SIRG is true.... Not many firms get into the production permitting process like SIRG or work with firms like Rizzo (http://www.rizzoassoc.com/cms/).
LOL That's cute.
Go SIRG
That's easy to explain....Flippers looking for a dead cat bounce. It's when a stock is so sad, so pathetic, that flippers come in for a cheap thrill of buying it and quickly selling it right away. Just another sign that this sucker is headed even lower, no one will hold it for very long. Trash is like that, it stinks after awhile.
Pathetic, in more ways than one....
INCORRECT, again.
No one thinks that a "company" doing sample testing on five gallon buckets of surface dirt is an "opportunity". No one. This sucker has tanked ever since the truth was exposed about their "sample testing".
Sad and pathetic. In more ways than one....
"350 attorneys that use that building and their services"
Do you mean the virtual office, rent-a-desk services? 350 attorneys? LOL That sounds like a cattle call for anyone who can pass the bar. Too funny!
The spin is not working anymore. The trips are here and it will only get worse. The GDSM legacy will be a sad lesson for many.
You know the new attorney GDSM hired, the one with the "fancy" K Street address in D.C.?
Well, that wonderful address is really a virtual, rent-a-desk office. LOL Google it and check.
LOL That is not true.
They tested five gallon buckets of surface dirt and only finished half the testing because they didn't have the money to finish the rest, or so they claim.
"high gold content at surface"
Are you referring to the surface dirt in the five gallon buckets? REALLY?!?! LOL
Nothing has changed at SIRG, except the jealousy from other penny miners has kicked into high gear. Wonder why that is....
LOL COMPLETELY WRONG
SIRG is knee-deep in the production permitting process using internationally, well-respected firms to represent them in the state and federal processes.
Well, there hasn't been much to celebrate here. Hard to make chitchat when investors are pissed.
I'm looking for one, just one, redeeming quality about this stock and I'm coming up empty......
WOW, so GDSM is now down to the trips? OUCH.
So, what's the newest piece of fluff PR, what's the newest promise in the wind? There's been so many I can barely keep track.
FYI
SIRG is a fully reporting company, therefore, any change to the CEO position would have to be reported. There has been no change to the CEO position.
Please don't apply pinky stinky logic to SIRG.
If anyone needs help knowing the difference between pinks and fully reporting companies, feel free to PM. There is a huge learning curve. GL
Not quiet, just busy. Lots to do at the end of the year. Their volume has also been huge on many down days. GDSM, I mean.
That's why some executives at other penny miners are jealous of SIRG. We are deep in the process of obtaining the needed permits for production, a step most penny miners never make. It brings out jealousy towards SIRG, can set a clock by it...
They could have funding based on certain contingencies and they would not have to report that yet. Learn the rules.
LOL, great answer! And I agree, it is all about the risk vs. reward here.
GO SIRG
Hey Salty! Hope you are having a good weekend.
GO SIRG
Depends how you define in the "mining business" for 100 years. Has WSRA ever operated or been a partner in a producing mine, ever? To my knowledge, the answer is no.
If I'm wrong, I would love to hear what mine they had that actually went into production. Otherwise, selling leases/claims, doing "testing" (and I use the word tongue-in-cheek, thinking about 5 gallon bucket tests) with a JV, IMO is not being in the mining business.
In the "spirit" of DD, huh? First post to IHUB and you're gracing us with your presence?
Confirmation of the accepted MPO was PRed by SIRG and made a sticky.
Sierra Resource Group's MPO formally accepted
PrintAlert
Sierra Resource Grou (OTCBB:SIRG)
Intraday Stock Chart
Today : Wednesday 15 August 2012
Sierra Resource Group, Inc. (OTCBB: SIRG) (the "Company" or "Sierra") announced today that its Mine Plan of Operation has been reviewed and accepted by The Bureau of Land Management. This formal acceptance has allowed Sierra to submit its draft Environmental Assessment in order to comply with the National Environmental Protection Agency.
(Logo: http://photos.prnewswire.com/prnh/20120815/LA58069LOGO)
"We're working closely with The Bureau of Land Management and the interactive process is positive," said J. Rod Martin, Chief Executive Officer of Sierra.
About the company:
Sierra Resource Group, Inc. (OTC Bulletin Board: SIRG) is a U.S.-based exploration and mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Sierra's primary asset is 80% ownership of the Chloride Copper Mine located near Kingman, Arizona. Sierra has reached an agreement to purchase half of the minority interest taking its overall ownership to 90%. The technical report, NI43-101, by Scott Wilson Roscoe Postle Associates March 10, 2006, estimates the Chloride Copper Mine contains 27,000,000 pounds of copper. The company is looking to expand throughout the Americas in the near future.
Sierra plans to use open pit mining and plans to reopen the existing SX/EW Plant On-Site with the maximum capability of producing up to 5,400,000 pounds of Copper Cathode per year. The existing SX/EW Plant On-Site is environmentally friendly, cost effective and a quick production process according to an article published by the Copper Development Association in August 2001.
The Chloride Copper Mine deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at Chloride Copper Mine is in the form of mineralized lenses contained within a paleochannel approximately a few thousand feet long and up to 750 feet wide. The source of copper at Chloride Copper Mine is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Chloride Copper Mine deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.
Sierra's management and Board of Directors consist of expert geologists, mining professionals and experienced business people.
Should be: "Your argument.." and "...with a lick of common sense...".
You are completely wrong on all points. Watch and learn.
Recent newspaper article about SIRG:
Up to this point, it's been smooth sailing for Sierra Resource Group, the company set on re-establishing the Chloride Copper Mine formerly known as Emerald Isle, and it anticipates producing its first copper in early 2013.
The company recently announced that the Bureau of Land Management accepted its Mine Plan of Operation, which was completed by Paul C. Rizzo Associates, Inc. This formal acceptance allowed Sierra to submit its draft environmental assessment, which was completed by the same firm, in order to comply with the requirements of the National Environmental Protection Act.
"We are working closely with BLM on permitting, and the interactive process is positive," said Sierra CEO Rod Martin. "This puts us on schedule."
Once completed, the federal side of the permitting process is done, he said.
Sierra contracted the firm CDM Smith to handle the transfer and modification of the existing Aquifer Protection Permit, which is handled through the Arizona Department of Environmental Quality.
"Sierra is confident in CDM Smith's ability to lead this permit process to completion," Martin said.
When all permits are approved, Sierra will be free to complete construction and start production, Martin said. The project is expected to produce nearly 5 million pounds of copper per year once it gets going.
Through the process, Sierra managed to locate a mine engineer, who will manage the entire facility, and a metallurgist, who will run the solvent-extraction/electro-winning plant.
"Hiring of various positions has begun and the bulk of the staffing requirements will be filled as we get further along in the permitting process," Martin said.
Solvent-extraction/electro-winning is a process used to pull copper from oxidized copper ore bodies.
"This experience has been terrific," Martin said. "It's gone very smoothly, but in any business there's always going to be hurdles."
Copper is trading at about $3.40 a pound, and its future curve should either stay flat or increase slightly due to the increased demand in developing nations, Martin said.
"In the long-term," Martin said, "copper mining looks like a good place to be."
Though the company has yet to start officially hiring, Martin said people hoping to find employment with Sierra Resource Group's Chloride Copper Mine should send an email containing their résumé, work experience and salary requirements to info@sierragroupinc.com.
Martin said the company expects to hire up to 40 people to operate the mine site.
http://kdminer.com/Main.asp?SectionID=1&SubSectionID=1&ArticleID=52504
Your agreement doesn't make any sense. Every investor with a lick on common sense knows that a company cannot promise anything, period. They expect, anticipate, working toward, etc. production in the first quarter of 2013. Even Apple uses words like this, if they said anything else, they could probably be sued.
Again, this is not a stinky pink, putting out BS all over the place. No company can 100% promise anything, period. To expect more than that, makes no sense.
Most longs expect at least a 15 to 30x increase from here, which is not without its risks.
You have to remember that this permitting process isn't just for exploration or testing, this is for production. SIRG is working with both state and federal agencies. Once done with BLM, the refurbishing of the plant can start right away. The MPO (mining plan) has been accepted and the EA (Environmental Assessment) needs to be accepted and then SIRG is done with BLM.
SIRG has hired Rizzo to work with BLM on the permits (federal) and SIRG has hired CDM Smith to work with the state on the APP.
Rizzo
http://www.rizzoassoc.com/cms/
CMD Smith
http://cdmsmith.com/en-US.aspx
And production will start with about 40 employees, so this isn't a dog and pony show.
Those statements are legalese required by SIRG because they are fully reporting. You are familiar with stinky pinks, SIRG is a fully reporting company and is required to insert certain legalese in their filings.
Do you expect them to open a mine for nothing? This isn't a stinky pink like some are used to, this is a fully reporting company which is using internationally known, well-respected firms to finish the production permitting process with state and federal agencies.
I'm sorry they aren't just testing 5 gallon buckets of surface dirt and charging $50,000 for it.
No, this is a company that will literally be in PRODUCTION.
LOL Some got quiet when SIRG announced the MPO (mining plan) was accepted by BLM.
I'm sure less than one percent of penny miners ever get a MPO accepted, much less this far into production permitting with the state and federal agencies.
You are right Salty!!
But SIRG is in the production permitting process with both state and federal agencies. SIRG has an accepted MPO (mining plan) from BLM. And SIRG has hired two internationally well-known firms to represent them in the permitting process:
Rizzo
http://www.rizzoassoc.com/cms/
CDM Smith
http://cdmsmith.com/en-US.aspx
I COMPLETELY AGREE!
Those more experienced with pinks don't understand that is boilerplate wording from a fully reporting company like SIRG.
Glad you are learning about fully reporting companies like SIRG, happy to help!
That's standard boilerplate wording that must be included.
Pinks don't have disclosures and legalese wording like that because it isn't required of them, but SIRG is fully reporting so they must.
It is confusing to investors that usually only deal with Pinks, but it is standard for a fully reporting company like SIRG.