The announcement of the A/S increase was made on Oct. 4, 2012, revised on Nov. 9, 2012, officially defined on Dec. 27, 2012 and went into effect mid Jan., 2013.
While there may be copper at the mine, having it "in hand" to sell is a different story entirely. It doesn't matter if the EA or APP gets approved if SIRG is financially incapable of ever producing. Also, the entire idea is moot if they default and lose the mine to Grand View who now holds the deed in trust.
The current $3.74/lb. price of copper is not the price SIRG would receive. A lesser price would be negotiated with a buyer who would also be trying to make a profit. Additionally, there are overhead costs to consider.
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