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Re: StockKingArthur post# 16301

Sunday, 08/19/2012 10:59:59 PM

Sunday, August 19, 2012 10:59:59 PM

Post# of 62039
The Rizzo Report increased the reserves and they are higher than previously estimated. The existing ore below the current bench levels from 3695 to 3420 values known between 3420 and 3310 could add another 13 Mlbs. Many holes were abandoned with higher than cut-off grade Cu values in and around the existing pit. Their continuation at depth could prove additional resources. Based on the forgoing, it is safe to assume that the current known resources would provide a minimum of 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.

http://www.sierragroupinc.com/wp-content/uplo...Report.pdf

Based on the above report from an independent outside 3rd party, what perceived negatives do you think that SIRG cannot overcome when production starts?
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