Because SIRG is being called a scam on the I-SCAM
Post# of 4018
Because SIRG is being called a scam on the I-SCAM site I thought it would be interesting to see what a mining industry scam is.
WHERE IS THE MINE LOCATED?
The exact location of the mine site is often not disclosed in many mining investment scams, yet surprisingly people continue to invest in these programs without knowing where the actual mining is to take place.
Press the people who are offering the investment to you for the exact legal descriptions of the site-do not accept a lay description such as "the proposed mine site is located approximately twenty-five miles northwest of Flagstaff, Arizona." That type of description tells you nothing at all about the true location of the site. If the offerors cannot or will not provide you with the exact location of the mine, DO NOT INVEST!!
NOT a problem - we know where the mine is - can be seen on Google Earth and pictures have been provided by a known individual in the mining industry who is not a SIRG investor.
HAVE ANY ASSAYS BEEN PERFORMED ON THE ORE?
Usually, offering materials do provide what the offerors claim to be assays, but beware. Assays are only meaningful if they are based upon a systematic and scientific program of ore sampling. An assay based upon one or two ore samples is essentially meaningless it takes literally hundreds or thousands of separate ore samplings to properly evaluate the true potential of a mine site. Also be aware that even an accurate assay only tells you the amount of certain precious metals in a specific ore sample, not the amount of precious metals that can be economically extracted from that minesite or even that sample. No mining or refining technique can economically extract all of the precious metals present in an ore body.
Not a problem - SIRG has an NI 43-191 report along with assay results from ALS Minerals in Reno and the Rizzio Report, all done by 3rd party independent companies.
WHAT IS THE PRIOR MINING OR REFINING EXPERIENCE OF THOSE WHO WILL BE IN CHARGE OF THE MINING OPERATION?
Do not trust your money with people who have no prior experience in the mining industry. Mining is a highly skilled and technical profession, a field that cannot be profitably pursued by amateurs. If possible, check out ALL of the mining and business references provided by the officers.
Not a problem - SIRG has several experienced mining industry experts on their BOD including a NI qualified person who will be in charge of the mine operations.
ALL THE MINING SCAM COMPANIES DISCOVERED ARE GOLD MINING SCAMS. SIRG IS A COPPER MINE!
Bottom line - SIRG does not meet the qualification of a "scam".