Replies to post #21751 on Sierra Resource Group Inc. (fka SIRG)

[warren1]

That data is absolutely ridiculous!! It is absolutely laughable.

SIRG is a start-up. That "data" is completely skewed and can't be applied to SIRG.

No analyst in the world would apply those metrics to a start-up.

[jmhgolf]

Historical data of similar companies? Is SIRG being compared to other Development Stage junior mining
companies or just a bunch of pinks in general?
The facts are that SIRG will get their permits and begin hiring employees for the mine. Their target for first
year production is at least 5M lbs of copper cathodes although their plans call for that figure to be higher.
But let's look at 5M lbs - times current copper price of $3.72 lb comes to $18,600,000. Costs to produce
a lb is estimated at $1.20 to $1.25 but let's go on the high side = $6,250,000 for a net cash flow of over
$12,000,000.
There are 9,000,000 lbs of copper in the tailing piles that have already been mined and crushed. These
can be processed for less that $1.00 per lb. These alone will produce over $24M in net cash flow.
The zinc reserves have not been calculated but a WAG is 20M lbs.
Bankrupt in 2 years - only if the price of copper crashes to $2.00 per lb!