Replies to post #427 on Sterling Group Ventures Inc. (fka SGGV)

[crawfish poboy]

That timeline is pretty close to what some here have discussed. The thing that sticks out with me is that we already have the mining permit in place, and it's valid until 2014.

The private placement of the mine you mentioned is almost dead on the nose of what Sterling was looking to raise ~ $1.5 million.

[crawfish poboy]

My favorite part from that link is this line:

Hubei merchants then hire a professional exploration team of investors, on the village a township Simeng mine was 2 months of exploration, discovery of high grade phosphate rock, large storage, easy to exploit a huge market value, decided to invest 1,200 million yuan in building a set of mining, flotation as one of modern rock. And in 8 of the mine started in early roads, power grid construction, while land and resources according to the procedure to declare the mining permit.


The roads part of the this is also interesting... from the Sterling homepage:

"The road from County to the property is well paved now."

http://www.sterlinggroupventures.com/projects.html

Sounds to me that Sterling's got the mining permit through Hongyu Mining and the roads are in place. We may be VERY close to getting some action here. Feasibility study has been initiated/completed. Just need some info on the PP and further intentions and I'll be sold 100%

[Max Power]

that timeline is super attractive...the fact that we have already achieved some of those milestones makes me even more excited!