Southridge Enterprises Inc (SRGE)

[StockWatcher]

SRGE $3.14M Revenue = $0.0372 PPS for 1 QTR!

People are really not looking at where this is going, if they held they would see major returns. This is going to .025 to .05 this month based on that revenue. Selling now is a joke IMHO.

The stock should be at .0015 to .0021 today.

The current Revs divided by the O/S = .00372.

The estimated P/E is around 10 giving an estimated PPS of $0.0372.

See PPS Spreadsheet calculations below.

Add in the next QTR Revs based on increasing output from 60 TPD to 500 TPD is an increase of 8.33 providing a new Rev of approximately $26,062,000. Put that in your calculator and you get an estimated PPS of $0.36.

Current Gold Price = $1,693.71

http://goldprice.org/

Current Silver Price = $32.25

http://silverprice.org/silver-price-per-ounce.html


When you look at this Mathers Report you can see why they put this at .20 with the current O/S. But you know the company is buying back here in the trips to decrease the O/S and to increase the PPS. Why because they want the value of the stock to go up for the overall value of the company.

http://mathersresearch.com/wp-content/uploads/2012/02/MathersResearch-SRGE.pdf

Now look at this part of the writeup, notice that the major part of the vein has yet to be tested.

60 ton/day ore processing Mill on Cinco Minas Property, expandable to
500 ton/day, with two years of production supply on surface.
• Past Producer. Significant historical production at Cinco Minas, over
15,000,000 oz. Ag extracted from previous mining operations. 22 mine sites
located on the Gran Cabrera property.
• World-class silver resource. Cinco Minas has a confirmed mineral resource
estimate of 235,000 oz. gold, and 23.3 million oz. silver.
• Significant Blue Sky potential. 80% of the known vein system at Cinco
Minas has yet to be tested.

This should see .009 by the end of next week.



GLTA