Southridge Enterprises Inc (SRGE)

[stervc]

SRGE**La Canita Gold Mine Valuation…

The acquisition news of this La Canita Gold Mine adds significant valuation to SRGE. According to the news of this acquisition, the current market value is in excess of $320,000,000 USD for the La Canita Gold Mine as indicated within the PR below:
http://ih.advfn.com/p.php?pid=nmona&article=54515862

To derive a fundamental valuation that the La Canita Gold Mine will add to SRGE, consider the variables below:

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
** Net Profit Margin of 24% as of 16 Oct 2012 as indicated below:
http://biz.yahoo.com/p/134conameu.html
** Outstanding Shares (OS) = 545,874,868 shares
** Earnings Per Share (EPS) = Net Income ÷ OS
** Price to Earnings Ratio for the Gold Industry is 21.10 as indicated below:
http://biz.yahoo.com/p/134conameu.html
** Expected SRGE Price Per Share = EPS x P/E Ratio
** 10 Year Life Expectancy of Mine.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Net Income from La Canita Gold Mine = $320,000,000 x .24 Profit Margin
Net Income from La Canita Gold Mine = $76,800,000

EPS = Net Income ÷ OS
EPS = $76,800,000 ÷ 545,874,868 shares
EPS = .1406

Expected SRGE Price Per Share = EPS x P/E Ratio
Expected SRGE Price Per Share = .1406 x 21.10
Expected SRGE Price Per Share = $2.96

10 Year Life Expectancy of Mine = $2.96 ÷ 10
10 Year Life Expectancy of Mine = .296 per share

This means that fundamentally speaking, this acquisition has added another .296 per share in Fundamental Valuation to the per share worth of SRGE. This is in addition to the valuations listed below:

SRGE Cinco Minas Fundamental Valuation(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79640513

SRGE Gran Cabrera Fundamental Valuation(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79704043

SRGE "El Horconcito" Gold property Valuation:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79791320

Just based on this acquisition of the La Canita Gold Mine by SRGE, SRGE could fundamentally be trading in the .29+ per share range for starters. This is still conservatively speaking and here’s why I say such…

Within this last PR of the acquisition of the La Canita Gold Mine, it was indicated that within the same region in close proximity, Primero Mining operates the San Dimas Mine which is a very large producing gold and silver asset that Primero Mining had purchased from Goldcorp in 2010. This mine, the San Dimas Mine, has probable reserves of over half a million ounces of gold and 31.8 million ounces of silver. Let’s understand that Primero Mining is not new to this mining thing which trades on the NYSE under the ticker of PPP at over $7.00+ per share as indicated below:
http://www.primeromining.com/
http://finance.yahoo.com/q?s=ppp&d=t


To add, the world's largest epithermal precious metals belt is the prolific Sierra Madre Occidental gold belt. The San Dimas Mine and the recently acquired La Canita Gold Mine by SRGE is part of this prolific belt. Because of this fact, it strengthens the changes that the valuation indicated above is probable and achievable by SRGE. I think as some of the trading begins to settle down, investors should begin to realize the magnitude of this acquisition by SRGE.

$$SRGE is Golden!$$

v/r
Sterling