Friday, September 28, 2012 9:56:58 AM
The reasons why I believe SRGE is awesome are within the post below, but following are some condensed reasons from that due diligence (DD) post below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80020316
1 – The price of SRGE is still well below a penny with huge upside and is greatly undervalued.
2 – SRGE Cinco Minas Property that it 100% owns has $1,191,700,000 in ”probable” gold and silver reserves.
3 – SRGE Gran Cabrera Property that it 100% owns has $1,892,525,000 in ”probable” gold and silver reserves.
4 – SRGE El Horconcito Property that it 100% owns has $1,931,200,000 in ”potential” gold and silver reserves.
5 – SRGE has a total of $5,015,425,000 in mostly ”probable” valuation in gold and silver from just three of their five mines.
6 – SRGE El Horconcito Gold Mine is located within the world's largest epithermal precious metals belt and home of several world-class mining operations; the prolific Sierra Madre Occidental gold belt; this mining region is estimated to be over 11,000,000 ounces gold and 582,000,000 ounces of silver.
7 – SRGE is listed as an Active Operational Mine under the Mexican Mining Center (MMC).
8 – SRGE has processed over 9,000 tons of ore and recorded revenues of $3.14 Million in just its 4th Quarter Fiscal Year 2012 ending Aug 2012 from their Cinco Minas mining operation.
9 – The amounts of 235,000 oz. of gold and 23.3 million oz. of silver represents only 20% of the world-class confirmed gold and silver resource at Cinco Minas.
10 – SRGE released news of expansion of its mill capacity to 500 tons per day (tpd) at the Cinco Minas.
11 – Mathers Research has initiated research coverage of Southridge, with a "Speculative BUY" Opinion and a near term price target of $0.20 per share.
12 – Behre Dolbear Report Confirmed High Grades of Resources at Cinco Minas.
13 - SRGE bought back a total of 443,576,000 shares and retired them to the treasury.
14 – SRGE Outstanding Shares (OS) is 545,874,868 shares.
15 – SRGE Float of shares available for public purchase is 215,957,230 shares.
Again, all of the above quick notes can be researched through the link above and below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80020316
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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