Sierra Resource Group Inc. (fka SIRG)

[lmcat]

The type of funding SIRG will likely get is called Term Sheet. Last Oct (long before you ever heard of SIRG) Rod had the tailing piles drill tested and the results assayed by ALS Minerals in Reno.

Now why waste money drill testing the tailing piles when you don't have the money?

Because to secure the funding the potential lender demanded it as proof of the recoverable ore and the tailings are already mined and milled. They represent a quick/cheap source of producing the cathodes!

Funds like Red Kite use term sheet funding to secure copper that they can use to trade the futures markets! It may include the purchase of warrants or may not.