Let's clear up a lot of the wrong opinions that were recently posted on this SIRG board.
"The A/S will be raised in the coming weeks"! READ THE FILINGS - THE A/S WAS RAISED IN OCTOBER - time to get up to speed here!
"There is no copper, and A/S will be raised in the coming weeks. It is a cycle of what happens with SIRG."
I don't understand the lack of DD on the Chloride Copper mine but clearly DD is lacking and there is NO CYCLE. SIRG did a 6-1 FORWARD SPLIT! There is copper at the mine and it has been tested and proven by 3 independent companies! An NI 43-101 was produced in March 2006 by Roscoe Postle Associates Inc. Behre Dolbear produced two reports, ALS Minerals and fianlly the Paul C. Rizzo & Associates Report,
The Rizzo Report done in 2012, 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 13M lbs. 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 50M lbs of ore ; at 5Mlbs/annum, that would support a 10 year mine life.
SIRG - poor performance? REALLY? SIRG got a paint job down with a trade of 27,930 shares at .0061 for $170.37 minus or plus commission! Watch and see what happens when SIRG PR's that they have finally received the EA approval or the APP approval!
With copper at $3.74 today, that 50m lbs of copper is worth $187,000,000! And then there is the zinc which has not even been calculated!
Hope that clears up wrong opinions!
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