Posted On: 10/19/2012 12:57:21 PM
Post# of 4018
That email yesterday indicates the permitting process is not even close to done. They are talking about a FIRST review....that's FIRST review, in a month. Thanksgiving and Christmas seasons are approaching. In a month from now people will start to take time off for the holidays. Since the first review isn't even done yet, I expect we won't see anything about the permit until early in 2013.
Then, as lmcat has posted, SIRG needs about 5 months (probably more like 10-12 because Rod's milestones have consistently been WAY off) to get the mine up and running.
Like I have predicted, it will be late 2013 or early 2014 before we are producing copper, and I have factored that into my expectations for this stock. It means we have 12 or more months of no revenues that will have to be financed by share issuance. I have also factored that into my goals.
Based on this, I expect the s/p to rise very slowly over the next 12 months as dilution erodes our value, and expect to see maybe .05 by the end of 2013. For 2014, if and when we get to production, it's harder to predict.
Then, as lmcat has posted, SIRG needs about 5 months (probably more like 10-12 because Rod's milestones have consistently been WAY off) to get the mine up and running.
Like I have predicted, it will be late 2013 or early 2014 before we are producing copper, and I have factored that into my expectations for this stock. It means we have 12 or more months of no revenues that will have to be financed by share issuance. I have also factored that into my goals.
Based on this, I expect the s/p to rise very slowly over the next 12 months as dilution erodes our value, and expect to see maybe .05 by the end of 2013. For 2014, if and when we get to production, it's harder to predict.
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