Monday, August 27, 2012 8:29:25 AM
Please provide proof for your statement that there were 34M shares of SIRG added in the June quarter.
Based on my records that is a false statement by over 50% so please provide proof that my records are wrong or cease making false statements.
SIRG is a start-up company and all aware of the fact that the company must be built prior to producing revenues.
Please provide proof for your statement that there are massive shares waiting to be sold. Please identify the note holder and the number of shares and the dates.
SIRG OWNS 80% of the Chloride Copper mine with NO MORTGAGE. It received the MPO from BLM and is progressing with the transfer and approval of the APP from ADEQ. It is on target for production to begin in less than 6 months.
The infrastructure is in place and is being refurbished and expanded.
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.
50,000,000 lbs of copper sold at $3.50 would result in revenues of $175,000,000. There is also approximately $10M worth of zinc. It is highly doubtful that the price of copper would remain at $3.50 for the 10 year life of the mine.
http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
Based on my records that is a false statement by over 50% so please provide proof that my records are wrong or cease making false statements.
SIRG is a start-up company and all aware of the fact that the company must be built prior to producing revenues.
Please provide proof for your statement that there are massive shares waiting to be sold. Please identify the note holder and the number of shares and the dates.
SIRG OWNS 80% of the Chloride Copper mine with NO MORTGAGE. It received the MPO from BLM and is progressing with the transfer and approval of the APP from ADEQ. It is on target for production to begin in less than 6 months.
The infrastructure is in place and is being refurbished and expanded.
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.
50,000,000 lbs of copper sold at $3.50 would result in revenues of $175,000,000. There is also approximately $10M worth of zinc. It is highly doubtful that the price of copper would remain at $3.50 for the 10 year life of the mine.
http://www.sierragroupinc.com/wp-content/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
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