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Re: bikeguy post# 21607

Tuesday, 12/15/2009 5:23:26 AM

Tuesday, December 15, 2009 5:23:26 AM

Post# of 83075
Forgive me Bike, as I usually have to translate every word. My paramount chief(my wife)already blames me wasting my time on Sierra repeating when she finally will see her diamond. But there is something else I would like to see cleared out.From our CEO letter: "In order to proceed forward with the project Sierra approached 2 third parties who provided project funding and we have now reached the stage of project submittal for approach.Showed this project be approved as expected, the cc available for the project can be forward sold and we are advised the project the proceeds of such a transaction would result in 8 figure proceeds.THIS PROCEEDS WILL ALLOW SGC TO DEVELOP AND COMPLETE A 20000 ACRE KIRI PROJECT AS WELL AS SUPPORTING ALL OF SIERRA GOLDS OTHER ACTIVITIES". Does it mean every $ they will recieve from project SL1 will be invested in mining,farming and in a 20000 ACRE KIRI PROJECT? The value from that KIRI project, carbon credits and timber harvest value, surely will proceeds many more millions as from SL1, in wich third parties will run away with the biggest part of the cake. And up we go from then for further investment in our other activities and hard rock mining.We also have SL2 expected to be completed by SEP 2010.This is looking really great my friend. It will not take long anymore before investing funds discover this jewel, but that time we already will be counting our fortune. Have a nice day.