that's for sure. SGCP has 37 mining claims to develop and CC land to plant with trees. Upon SGCP receiving "eight figures" in cash infusion like John confirmed in yesterday's conference call, SGCP's share price will go nova!!!
All the new 37 mining claims need to be developed to find the winners and the losers. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45598489 There will be some BIG winners IMHO. But doing that takes cash. And cash from gold production seems to dry up from September 1st to February 1st each year due to rain and high river currents in Sierra Leonne.
Rather than have 75 troy ounces of gold production per month this mining season, they need to fund operations somehow and be prepared for the Carbon Credit forward sale! How about 750 troy ounces per month this mining season? Doing the math is fun!
As shareholders, we need to be certain that is the case. Luckily, SGCP is a very transparent company compared to the Pinksheet companies that use dilution just to fund management's huge salaries and not company revenues and eventual profits. SGCP is different. You can see the SGCP management salary data on the SEC filings on Pinksheets.com. Sierra Gold Corp. is about making shareholder value go up, not the opposite.
So the first few months of gold production reports will be all important for me! That and the forward sale of carbon credits on SL1.
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