Sierra Resource Group Inc. (fka SIRG)

[xZx]

i think sunburst could easily be a deal partner, or the chloride mine was simply parked with them (holding the deed) until such time that OROT is able to purchase it.

under SARE rules, SIRG had the ability to make an interest payment, at the non-default rate, to hang onto the mine. it's clear from the deed posted that this didn't happen.

why would SIRG want to waste their resources paying interest on an asset that would eventually belong to OROT? that's my point.

but it's clear sunburst would gain more from an OROT/SIRG merger than merely hanging onto a copper mine. it's been stated here before that sunburst is not in the copper mining business.

and OROT is into a lot more than just copper.

follow the money. i'm sure sunburst would enjoy an equity stake in the newco as much as anyone here.

let's see how this unfolds.