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Re: dappa post# 16332

Friday, 11/13/2009 3:25:41 PM

Friday, November 13, 2009 3:25:41 PM

Post# of 83074
CEO Doug Evans doesn't say much but when he does we have to assume there is some meaningful information. In his letter to shareholders he states, "In order to proceed forward with the project, Sierra approached 2 third parties who provided project funding for a participatory interest and we have now reached the stage of project submittal for approval. Should this project be approved as expected, the carbon credits available for the project can be forward sold and we are advised the proceeds of such a transaction would result in eight(8) figure proceeds. These proceeds will allow Sierra Gold Corporation to develop and complete a 20,000 acre Kiri project as well as supporting all of Sierra Golds other activities."

Let's shed some light on what we should now believe:
1. SGC expects the CC program to be approved.
2. The CC program if/when approved would be worth 8 figures
3. The money from the CC program would be used to fund activities (thus no further dilution)
4. 2 third parties are involved and will be compensated in some way, shares or cash

Why is this so hard to understand and why can't we wait for another week or two to get the facts? ID you are crying wolf. Let CEO Evans address us when all the facts are in.