Replies to post #16989 on Sierra Resource Group Inc. (fka SIRG)

[abc1938]

Valuation ---POST LEFT OUT one very important factor so THE
response has no merit. IMHO POST left out ---the value of the property that is owned by SIRG.

[lmcat]

SIRG is planning on purchasing another 10% of the mine for $1,500,000 plus stock and warrants. They already own 80% of the mine.

So multiply 8 times $1,500,000 and what is the value of the mine? With the approval of the permits, the property increases in value and ore reserves fluctuate as well.

The mine is worth a minimum of $12,000,000 and as high as $15,000,000.

SIRG at the current share price of .008 has a market value of $2,409,531 showing it is extremely undervalued. Fair market value would be at least .03.

Smart investors would grab these cheap shares because once the last permits are approved and the funding revealed they will be chasing SIRG. The float is very tight.