Home > Boards > US OTC > Delisted > Sierra Resource Group Inc. (fka SIRG)

Excellent post!

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lmcat   Friday, 10/05/12 09:50:06 AM
Re: SMResources post# 18692
Post # of 62039 
Excellent post!

There are no earthquakes, tornadoes, floods, forest fires or any other natural disasters in the are of the Chloride Copper Mine.



In fact, there is nothing around SIRG's mine that could cause the loss of SIRG's 50M lbs. of copper. With the EA approval SIRG can begin the restoration process and with the APP the construction of a new and enlarged heap leach pad/pond can begin. They will take about 30-45 days.



The old leach pond that will be replaced.

Quote:
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.



SIRG's copper is not being stolen and is still there, waiting for production to start. And there are some estimated 9M lbs of zinc and 5M lbs of copper in the tailing piles. With zinc currently at .92 and a processing cost of approximately .25-.30 pl that would create a profit of over $5,000,000.

Many SIRG shareholders have been on board since 2011 and we have watched the share price be manipulated every since. We are used to it and daily fluctuations are normal and expected in the OTC markets. SIRG is no exception!

SIRG shareholders know what they own, and they know the pps will be much higher by this time next year. That's why they are holding.

We have two new SIRG investors who are of course trying to get in as cheap as possible and are bid sitting. It has happened numerous times previously and will happen again! But the shares they buy will be transferred to strong hands.

All the previous claims of disaster regarding SIRG's stock price have been proven to be false. SIRG did not get downgraded to the pinks as claimed and the E was removed.

I fail to understand why anyone not invested in SIRG is so concerned about bid support and continues to make insane predictions on SIRG's future share price. Makes no sense and the SIRG longs really don't care what someone else thinks as those opinions have already been proven false too many times times!

And every SIRG investor who bought in 2011 or before June of 2012 is not averaging down, they are averaging UP! Previously it was falsely posted that SIRG had mostly bag holders and a survey was done asking the SIRG longs if they had a loss. NOT ONE SIRG long responded that they had a loss, in fact everyone is nice and green!

While SIRG longs wait for permits SIRG has built a nice new base in penny land.



Just looking at the SIRG chart it shows 7 days when trades were are out of whack with the trading on those days. Clearly manipulation! Like I said, SIRG longs are used to it. Means nothing.













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