Replies to post #14444 on Sierra Resource Group Inc. (fka SIRG)

[$b_rich$]

OUCH! I still wouldn't buy SIRG though unless it hits .0001...too much discrepency in the A/S and also note, they have a problem with the DTC!

[Actuate]

This is the most recent, from Jan 31- March 31. It comes out to 0.0009 pps. Asher can dilute all the way into the trips and still make a profit!

Fram January 31, 2012 through March 31, 2012 the Company issued Asher Enterprises during eleven dates a total of 94,387,340 shares of the Company’s Common stock. The stock was issued in exchange for the conversion of notes payable totaling $84,119 issued during 2012.

[lmcat]

Yes it is unfortunate that junior mining companies and many other companies, over 800 of them in fact, are left with Asher as the only option to fund their start up operations.

I suggest you put SIRG on your watch list, BLM final approvals will bring out the funding details and SIRG continues to move forward to returning the mine to production in Jan/Feb.

SIRG doubled in June when this report was released on their newly launched website.

The just released 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.