WSRC - Western Sierra Resource to acquire majority stake in a gold mining operation with net income projected at $3.2B

Western Sierra Resource ([[WSRC]] +192.5%) enters negotiations with Silver State Mining Group (or SSMG) to acquire 70% of its common stock. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269M and $3.2B respectively.

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Western Sierra Resource to acquire majority stake in a gold mining operation with net income projected at $3.2B