SIRG doubled in June and the best is yet to come a
Post# of 36139
SIRG doubled in June and the best is yet to come as it continues to move forward to return this copper mine in NW Arizona to production in the first quarter of 2013.
SIRG should be considered a long term investment in a very under valued company. Fair market vale based on their 80% ownership of the mine is .034 and .05 is the target price for officers and BOD members to purchase options.
SHARE STRUCTURE
They just released a Rizzo Report that
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 13 Mlbs. 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 50 Mlbs of ore; at 5Mlbs/annum, that would support a 10 year mine life.
(0)
(0)