Monday, August 27, 2012 9:28:53 AM
SIRG will retire the notes when the permits are approved and funds released. Give them another 6 weeks and see.
With potential revenues of $175,000,000 over the life of the mine the notes are a pittance in comparison of the potential.
Testing by 3 independent companies proves the ore reserves are there.
With the purchase of the additional 90 acres adjacent to the pit area the mine would be able to expand. It has repeatedly been suggested that test drilling be conducted in the area south of the pit. Should those future tests prove the existence of more ore reserves that could double that 50M lbs to 100M lbs. and revenues to $350,000,000.
With potential revenues of $175,000,000 over the life of the mine the notes are a pittance in comparison of the potential.
Testing by 3 independent companies proves the ore reserves are there.
With the purchase of the additional 90 acres adjacent to the pit area the mine would be able to expand. It has repeatedly been suggested that test drilling be conducted in the area south of the pit. Should those future tests prove the existence of more ore reserves that could double that 50M lbs to 100M lbs. and revenues to $350,000,000.
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