Sierra Resource Group Inc. (fka SIRG)

[thizsukz]

I may have missed this in the news release, but the 10-Q notes that there are 1.2million tons of material in the tailings.

Copper grade ranged from a minimum of 0.16% Cu to a maximum of 0.43% Cu with the average being 0.36% Cu. The report also estimated the tailings to contain approximately 1.2 million tons of material.

At an average of .36% this translates into a 8.64 million pounds of copper or roughly $30 million worth of copper. For simplicity assuming a sky high cost of $1.50/lb processing (I suspect that it is much much less than this) this is still nearly $20 million. That is a fairly substantial increase in the resources of the mine. The tailings are much easier to start processing than the mine itself so this would provide some easy cash to get up and running.