Monday, October 01, 2012 8:28:18 AM
SIRG is under valued and under the radar. It is in the final permitting process to re-open the Chloride Copper Mine in NW AZ.
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/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
Authorized shares: 440,000,000
Total issued and outstanding: 347,833,085
Total restricted: 51,485,000
SIRG has built a new base in penny land and is posed for a break out. Fair Market value us .035, next target is .05 the options exercise price for officers and BOD members.
http://investorshub.advfn.com/Sierra-Resource-Group-Inc-SIRG-18443/
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/uploads/2012/05/L10-Chloride-Copper-Resource-Report.pdf
Authorized shares: 440,000,000
Total issued and outstanding: 347,833,085
Total restricted: 51,485,000
SIRG has built a new base in penny land and is posed for a break out. Fair Market value us .035, next target is .05 the options exercise price for officers and BOD members.
http://investorshub.advfn.com/Sierra-Resource-Group-Inc-SIRG-18443/
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