Sierra Resource Group Inc. (fka SIRG)

[Dwill2]

Awesome!

Here are the basics to get you started:

Positives
The Asset. Sirg owns 80% of the chloride copper mine. Geo reports estimate 27 million pounds of copper on one section of the mine. Around $2M in equipment exists at the location currently.
In latest PR, sirg is looking to buy an additional 10% of the mine for $1.2M.
Outstanding shares - Only around 270M currently outstanding shares as of last report from T/A.

So you can see compared to the asset that sirg is way undervalued. Market cap currently under $1M!

Negatives
They expanded the A/S to 1.5B 3 months ago. We hope this was to give them flexibility in a funding deal. Also the board rejected funding last year that had significant dilution.

Again, there are a lot more positives and a few more negatives but those are the main highlights.

Other thoughts that lead the board to believe that funding news is coming soon:
They don't seem to have money to pay for the 10% of the mine they are currently acquiring so we assume that a funding deal is in place or very close. They also recently hired an SVP of operations and there was also recent news about getting the mine back to production leads us to believe the same thing.