Just my opinion, but SIRG did not issue an 8K because those new ore reserve estimates have not been test drilled and proven. Rod would likely consider that "fluff".
But several people including James Stonehouse stated that there was a lot more ore there than in the early reports.
Remember Stonehouse accepted the option deal at .05 and I think that is because he worked at the mine for over 2 years and knows what's there. He expects the stock price to go much higher than .05 and now I feel more assured that it will.
While copper prices are currently down, I doubt copper will be selling in the $3 range a year from now and it could go to $5 in 5 to 10 yrs. It has already gone to $4.50.
The costs to process the tailing piles will be low but once they re-engineer the pit and start actual mining those costs will increase. Still SIRG will have a much lower cost per lb than an underground mine and it has a location advantage being 400 miles closer to long beach than the southern Arizona mines. And those copper sheets are HEAVY so shipping becomes a cost factor!
The website going live and the Rizzo report were both great events and we are just getting started!
GO SIRG
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