Sierra Resource Group Inc. (fka SIRG)

[lmcat]

I believe that SIRG has this type of funding approval and funds will be released with permit approval. Apparently you are not aware of common funding source for copper mine developments. It's called a Term Sheet and commits the miner to sell, at fair market terms, a percent of the copper cathode production from a planned mine at COMEX market pricing.

I can provide examples if you are in need of further understanding of this type of funding. Basically it's called pre-production sale of copper in exchange for funding.

Red Kite Exploration Fund and others provide this type of funding.

Example:

May 9, 2012, Vancouver, BC -- Curis Resources Ltd. (TSX: CUV) is pleased to announce that it has executed definitive legal agreements with RK Mine Finance Trust I ("Red Kite") for a senior secured bridge loan facility and copper cathode sale and off-take agreement.
Under the terms of the signed off-take agreement, Curis will sell to Red Kite, on a take-or-pay basis, 25%, or if the Extension Option is exercised, 30% of the Florence Copper project's copper cathode production for the life of the project. The off-take agreement has been structured such that copper cathode produced at Florence is to be purchased by Red Kite at a price consistent with London Metal Exchange (LME) market price quotations, subject to certain discounts.

This is how SIRG would sell copper they have not yet produced!

I hope this clears this up for you.