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SRGE just announced a 5% common stock dividend payout on 11/15/2012
SRGE making big plays and having great news from its quarterly income
SRGE announced a cash dividend of 5% per common stock. Payable on 11/15/2012
SRGE ready to fly. Bye sorties
http://www.otcmarkets.com/stock/SRGE/news
SRGE at $.008 announced a cash dividend of 5% per common stock. Payable on 11/15/2012
SRGE ready to fly
http://www.otcmarkets.com/stock/SRGE/news
SRGE doing big things, going to continue its massive breakout run from last week
ERBB going to be running very soon
SRGE growing stronger every week. Massive break out going to break through the pennies this week
SRGE is extremely undervalued short squeezed tiny float penny stock is a definite money maker.
Having a solid growing volume weekly breaking through new levels reaching new highs. The stock is worth based on its valuations and filing report $1.01 going to be hitting t he pennies very soon.
$5mm market cap yet its Financials now prove that SRGE is WORTH (valued) at $550mm+ in Gold/Silver. SRGE has 545mm shares outstanding (330mm restricted for 1 year) and a small float of only 215mm float. With 545mm shares outstanding and having a Confirmed Valuation of $550mm+ that means the stock should be TRADING AT $1.01 per share and not .008 cents where its currently at today. Don't miss this one, Huge Upside short term. SRGE
SRGE amazing massive breakout chart:
http://external.ak.fbcdn.net/safe_image.php?d=AQAU_UA6xS0iS1jj&w=155&h=114&url=http%3A%2F%2Fimages.investorshub.advfn.com%2Fimages%2Fuploads%2F2012%2F11%2F2%2Fpccvtsrge.png
SRGE Stock of the year, getting alot of growing attention. Consistently with a strong solid growing volume this tiny float under valued short squeezed gold stock is growing stong breaking new levels
SRGE amazing massive breakout chart:
http://external.ak.fbcdn.net/safe_image.php?d=AQAU_UA6xS0iS1jj&w=155&h=114&url=http%3A%2F%2Fimages.investorshub.advfn.com%2Fimages%2Fuploads%2F2012%2F11%2F2%2Fpccvtsrge.png
SRGE $.008, undervalued stock worth $1.01. Read below why
$5mm market cap yet its Financials now prove that SRGE is WORTH (valued) at $550mm+ in Gold/Silver. SRGE has 545mm shares outstanding (330mm restricted for 1 year) and a small float of only 215mm float. With 545mm shares outstanding and having a Confirmed Valuation of $550mm+ that means the stock should be TRADING AT $1.01 per share and not .008 cents where its currently at today. Don't miss this one, Huge Upside short term. SRGE
SRGE amazing massive breakout chart:
http://external.ak.fbcdn.net/safe_image.php?d=AQAU_UA6xS0iS1jj&w=155&h=114&url=http%3A%2F%2Fimages.investorshub.advfn.com%2Fimages%2Fuploads%2F2012%2F11%2F2%2Fpccvtsrge.png
SRGE $.008, undervalued stock worth $1.01. Read below why
$5mm market cap yet its Financials now prove that SRGE is WORTH (valued) at $550mm+ in Gold/Silver. SRGE has 545mm shares outstanding (330mm restricted for 1 year) and a small float of only 215mm float. With 545mm shares outstanding and having a Confirmed Valuation of $550mm+ that means the stock should be TRADING AT $1.01 per share and not .008 cents where its currently at today. Don't miss this one, Huge Upside short term. SRGE
SRGE amazing massive breakout chart:
http://external.ak.fbcdn.net/safe_image.php?d=AQAU_UA6xS0iS1jj&w=155&h=114&url=http%3A%2F%2Fimages.investorshub.advfn.com%2Fimages%2Fuploads%2F2012%2F11%2F2%2Fpccvtsrge.png
SRGE tiny float short squeezed undervalued gold silver stock at $.008 getting a lot of attention in the past 5 weeks being on the top 10 in many sites
SRGE is coming out with alot of great things and making big moves.
SRGE at $.0080 tiny float short squeezed undervalued stock. Going to run this week
SRGE closed last week $.008 breaking new highs going to fly this week
SRGE=>$.0080=>new videos=>massive breakout
SRGE going to have a crazy run tomorrow. Drilling through the pennies
SRGE is up 10% and just warming up today
SRGE>$.0066>Massive breakout breaking new levels>PR 3rd Q. report
Tiny float undervalued short squeezed gold stock
http://www.otcmarkets.com/stock/SRGE/news
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE>$.0066>Massive breakout breaking new levels>PR 3rd Q. report
Tiny float undervalued short squeezed gold stock
http://www.otcmarkets.com/stock/SRGE/news
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE>$.0063>PR 3rd Q. report>tiny float undervalued gold stock
http://www.otcmarkets.com/stock/SRGE/news
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE>$.0066>PR 3rd Q. report>tiny float undervalued gold stock
http://www.otcmarkets.com/stock/SRGE/news
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE is looking really good. New low base set at the $.006s
A merger or buy between SRGE and SCCO looks ver promising
SRGE PR just released http://www.otcmarkets.com/stock/SRGE/news
SRGE PR just released http://www.otcmarkets.com/stock/SRGE/news/b]
SRGE=>$.0.0060=>should be hitting $7.78 very soon based on the info & DD below
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
Must read the following:
SRGE $550M Valuation in 3rd Qtr Filings…
All should view the significant valuation data of over $550,000,000+ derived from the work done by Behre Dolbear de Mexico of the Cinco Minas property owned by SRGE that’s located on page 21 of the recently released SRGE financials below:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93307
Although the "Behre Dolbear Report" confirmed that the $550,000,000+ is in the ground, SRGE cannot log it as Revenues or as an Asset because within the US, such confirmed valuation in the ground cannot be logged as Revenues or as an Asset until it is captured out of the ground and sold. This is why you won’t see this within the SRGE Income Statement or its Balance Sheet. The "Behre Dolbear Report" is a huge piece of credibility that confirmed that the valuation is there in the ground at the Cinco Minas property. The mineral advisors known as "Behre Dolbear" has been around for over 100 years which is another huge piece of credibility. Here’s their website below:
http://www.dolbear.com/
It was the "Behre Dolbear Report" that confirmed the over $550,000,000 to be in the ground of the Cinco Minas property owned by SRGE. Again, this is confirmed on page 21 from the recent 3rd Qtr SRGE filings in the link above. This value might be viewed as an ”Intrinsic Value” to some. The fundamental valuation will be a summation of proven (measured) and probable (indicated) ore reserves indicated within this recent 3rd Qtr filing which confirms that the valuation can be captured from the ground.
Based on this confirmation, I will derive a fundamental valuation that all should take into consideration to get an idea of where SRGE could be logically justified to trade. This also should help investors to understand why a major mining company would potentially consider buying out SRGE for pennies on the dollars. Observe…
Gold and Silver Amounts from Fiscal Year 3rd Qtr 2012 Financials:
Gold = 89,100 oz
Gold = $1,700.00+ per ounce as of 10/29/2012
http://www.kitco.com/charts/livegold.html
Gold Revenues from Proven & Probable Resources = $1,700.00 oz x 89,100 oz of gold
Gold Revenues from Proven & Probable Resources = $151,470,000
Net Profit Margin of 24% for Gold from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/134conameu.html
(This means that the Net Expense Ratio for Gold is 76%.)
Net Profit for Gold = $151,470,000 x .24
Net Profit for Gold = $36,352,800
Silver = 12,500,000 oz
Silver = $32.00+ per ounce as of 10/29/2012 close
http://www.kitco.com/charts/livesilver.html
Silver Revenues from Proven & Probable Resources = $32.00 oz x 12,500,000 oz of silver
Silver Revenues from Proven & Probable Resources = $400,000,000
Net Profit Margin of 41% for Silver from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/135conameu.html
(This means that the Net Expense Ratio for Silver is 59%.)
Net Profit for Silver = $400,000,000 x .41
Net Profit for Silver = $164,000,000
Total Net Profit for Gold and Silver from Proven & Probable Resources:
Net Profit for Gold = $36,352,800
Net Profit for Silver = $164,000,000
Total Net Profit for Gold & Sureshot Silve Proven & Probable Resources = $200,352,800
The Total Net Profit for Gold & Silver Proven & Probable Resources of $200,352,800 was derived from the $551,470,000 amount for the total gold & silver Revenues from above.
($151,470,000 + $400,000,000 = $551,470,000)
Consider the formulas below to derive the Earnings Per Share (EPS) to determine the Expected Price Per Share given the Outstanding Shares (OS) as of this 3rd Qtr Financials and the OS as of today:
(Know too that Net Profit and Net Income are synonymous.)
EPS = Net Income ÷ Outstanding Shares (OS)
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Key Variables for the Formulas above:
Net Income = $200,352,800
OS as of 3rd Qtr Financials = 799,900,868 shares
OS as of today = 545,874,868 shares
Price to Earnings (P/E) Ratio = 21.20 confirmed below:
http://biz.yahoo.com/p/134conameu.html
The above amount of $200,352,800 for Net Income is derived from the "Behre Dolbear Report" data that was derived from a 2004 resource estimate that was prepared on the ”Cinco Minas” summation of proven (measured) and probable (indicated) ore reserves owned by SRGE. Again, Behre Dolbear is one of the most respected mining advisory firms in its industry. This estimate done by ”Behre Dolbear” de Mexico was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations, they reported the numbers that I used above to derive a fundamental valuation of the Cinco Minas property.
Below, I will derive a fundamental consideration for both OS’ indicated above to understand the magnitude of the share reduction that has transpired.
With the OS being 799,900,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 799,900,868 shares
EPS = .2504 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .2504 EPS x 21.20 P/E Ratio
Expected Price Per Share = $5.31 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $5.31 per share considering its OS of 799,900,868 shares.
Now let’s take under consideration the new OS of 545,874,868 shares versus the above OS of 799,900,868 shares based on the OS being as announced from the previous OS PR-ed below:
With the OS being 545,874,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 545,874,868 shares
EPS = .367 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .367 EPS x 21.20 P/E Ratio
Expected Price Per Share = $7.78 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $7.78 per share considering its current OS of 545,874,868 shares.
Whether or not SRGE trades in those share price areas will be based on investors learning and confirming what many of us already believe. This also does not taken into consideration the valuation from SRGE’s other properties that are owned. This is especially why I can see a major company being interested in some or all of SRGE for pennies on the dollar.
Below is the ”Attorney Letter” that was filed by the SRGE Attorney/Law Firm, CARRILLO HUETTEL, LLP, to further add credibility of the confirmed valuation indicated within this recently release of SRGE filings:
SRGE Attorney's Letter:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93319
This is a very reputable Law Firm as indicated by just looking at its list of "some" of their current clients listed on their website below:
http://www.carrillohuettel.com/clients.php
http://www.carrillohuettel.com/
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
stockcharts.com
SRGE
SRGE has been on point with all its PRs and DD. I'm sure we are all in good hands
SRGE coming out with big things very soon, going to run strong soon
Based on the info SRGE should be hitting $7.78 very soon
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
Must read the following:
SRGE $550M Valuation in 3rd Qtr Filings…
All should view the significant valuation data of over $550,000,000+ derived from the work done by Behre Dolbear de Mexico of the Cinco Minas property owned by SRGE that’s located on page 21 of the recently released SRGE financials below:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93307
Although the "Behre Dolbear Report" confirmed that the $550,000,000+ is in the ground, SRGE cannot log it as Revenues or as an Asset because within the US, such confirmed valuation in the ground cannot be logged as Revenues or as an Asset until it is captured out of the ground and sold. This is why you won’t see this within the SRGE Income Statement or its Balance Sheet. The "Behre Dolbear Report" is a huge piece of credibility that confirmed that the valuation is there in the ground at the Cinco Minas property. The mineral advisors known as "Behre Dolbear" has been around for over 100 years which is another huge piece of credibility. Here’s their website below:
http://www.dolbear.com/
It was the "Behre Dolbear Report" that confirmed the over $550,000,000 to be in the ground of the Cinco Minas property owned by SRGE. Again, this is confirmed on page 21 from the recent 3rd Qtr SRGE filings in the link above. This value might be viewed as an ”Intrinsic Value” to some. The fundamental valuation will be a summation of proven (measured) and probable (indicated) ore reserves indicated within this recent 3rd Qtr filing which confirms that the valuation can be captured from the ground.
Based on this confirmation, I will derive a fundamental valuation that all should take into consideration to get an idea of where SRGE could be logically justified to trade. This also should help investors to understand why a major mining company would potentially consider buying out SRGE for pennies on the dollars. Observe…
Gold and Silver Amounts from Fiscal Year 3rd Qtr 2012 Financials:
Gold = 89,100 oz
Gold = $1,700.00+ per ounce as of 10/29/2012
http://www.kitco.com/charts/livegold.html
Gold Revenues from Proven & Probable Resources = $1,700.00 oz x 89,100 oz of gold
Gold Revenues from Proven & Probable Resources = $151,470,000
Net Profit Margin of 24% for Gold from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/134conameu.html
(This means that the Net Expense Ratio for Gold is 76%.)
Net Profit for Gold = $151,470,000 x .24
Net Profit for Gold = $36,352,800
Silver = 12,500,000 oz
Silver = $32.00+ per ounce as of 10/29/2012 close
http://www.kitco.com/charts/livesilver.html
Silver Revenues from Proven & Probable Resources = $32.00 oz x 12,500,000 oz of silver
Silver Revenues from Proven & Probable Resources = $400,000,000
Net Profit Margin of 41% for Silver from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/135conameu.html
(This means that the Net Expense Ratio for Silver is 59%.)
Net Profit for Silver = $400,000,000 x .41
Net Profit for Silver = $164,000,000
Total Net Profit for Gold and Silver from Proven & Probable Resources:
Net Profit for Gold = $36,352,800
Net Profit for Silver = $164,000,000
Total Net Profit for Gold & Sureshot Silve Proven & Probable Resources = $200,352,800
The Total Net Profit for Gold & Silver Proven & Probable Resources of $200,352,800 was derived from the $551,470,000 amount for the total gold & silver Revenues from above.
($151,470,000 + $400,000,000 = $551,470,000)
Consider the formulas below to derive the Earnings Per Share (EPS) to determine the Expected Price Per Share given the Outstanding Shares (OS) as of this 3rd Qtr Financials and the OS as of today:
(Know too that Net Profit and Net Income are synonymous.)
EPS = Net Income ÷ Outstanding Shares (OS)
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Key Variables for the Formulas above:
Net Income = $200,352,800
OS as of 3rd Qtr Financials = 799,900,868 shares
OS as of today = 545,874,868 shares
Price to Earnings (P/E) Ratio = 21.20 confirmed below:
http://biz.yahoo.com/p/134conameu.html
The above amount of $200,352,800 for Net Income is derived from the "Behre Dolbear Report" data that was derived from a 2004 resource estimate that was prepared on the ”Cinco Minas” summation of proven (measured) and probable (indicated) ore reserves owned by SRGE. Again, Behre Dolbear is one of the most respected mining advisory firms in its industry. This estimate done by ”Behre Dolbear” de Mexico was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations, they reported the numbers that I used above to derive a fundamental valuation of the Cinco Minas property.
Below, I will derive a fundamental consideration for both OS’ indicated above to understand the magnitude of the share reduction that has transpired.
With the OS being 799,900,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 799,900,868 shares
EPS = .2504 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .2504 EPS x 21.20 P/E Ratio
Expected Price Per Share = $5.31 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $5.31 per share considering its OS of 799,900,868 shares.
Now let’s take under consideration the new OS of 545,874,868 shares versus the above OS of 799,900,868 shares based on the OS being as announced from the previous OS PR-ed below:
With the OS being 545,874,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 545,874,868 shares
EPS = .367 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .367 EPS x 21.20 P/E Ratio
Expected Price Per Share = $7.78 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $7.78 per share considering its current OS of 545,874,868 shares.
Whether or not SRGE trades in those share price areas will be based on investors learning and confirming what many of us already believe. This also does not taken into consideration the valuation from SRGE’s other properties that are owned. This is especially why I can see a major company being interested in some or all of SRGE for pennies on the dollar.
Below is the ”Attorney Letter” that was filed by the SRGE Attorney/Law Firm, CARRILLO HUETTEL, LLP, to further add credibility of the confirmed valuation indicated within this recently release of SRGE filings:
SRGE Attorney's Letter:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93319
This is a very reputable Law Firm as indicated by just looking at its list of "some" of their current clients listed on their website below:
http://www.carrillohuettel.com/clients.php
http://www.carrillohuettel.com/
SRGE=>$.0.0060, tiny float undervalued gold stock. Short squeezing having a massive burst today breaking new highs 10/31/12. This bullish stock just become current with the OTC Markets thanks to the new board of directors. SRGE just filed their 3rd quarter statements and plan on releasing their 4th quarter very soon.
Based on the info SRGE should be hitting $7.78 very soon
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
Must read the following:
SRGE $550M Valuation in 3rd Qtr Filings…
All should view the significant valuation data of over $550,000,000+ derived from the work done by Behre Dolbear de Mexico of the Cinco Minas property owned by SRGE that’s located on page 21 of the recently released SRGE financials below:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93307
Although the "Behre Dolbear Report" confirmed that the $550,000,000+ is in the ground, SRGE cannot log it as Revenues or as an Asset because within the US, such confirmed valuation in the ground cannot be logged as Revenues or as an Asset until it is captured out of the ground and sold. This is why you won’t see this within the SRGE Income Statement or its Balance Sheet. The "Behre Dolbear Report" is a huge piece of credibility that confirmed that the valuation is there in the ground at the Cinco Minas property. The mineral advisors known as "Behre Dolbear" has been around for over 100 years which is another huge piece of credibility. Here’s their website below:
http://www.dolbear.com/
It was the "Behre Dolbear Report" that confirmed the over $550,000,000 to be in the ground of the Cinco Minas property owned by SRGE. Again, this is confirmed on page 21 from the recent 3rd Qtr SRGE filings in the link above. This value might be viewed as an ”Intrinsic Value” to some. The fundamental valuation will be a summation of proven (measured) and probable (indicated) ore reserves indicated within this recent 3rd Qtr filing which confirms that the valuation can be captured from the ground.
Based on this confirmation, I will derive a fundamental valuation that all should take into consideration to get an idea of where SRGE could be logically justified to trade. This also should help investors to understand why a major mining company would potentially consider buying out SRGE for pennies on the dollars. Observe…
Gold and Silver Amounts from Fiscal Year 3rd Qtr 2012 Financials:
Gold = 89,100 oz
Gold = $1,700.00+ per ounce as of 10/29/2012
http://www.kitco.com/charts/livegold.html
Gold Revenues from Proven & Probable Resources = $1,700.00 oz x 89,100 oz of gold
Gold Revenues from Proven & Probable Resources = $151,470,000
Net Profit Margin of 24% for Gold from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/134conameu.html
(This means that the Net Expense Ratio for Gold is 76%.)
Net Profit for Gold = $151,470,000 x .24
Net Profit for Gold = $36,352,800
Silver = 12,500,000 oz
Silver = $32.00+ per ounce as of 10/29/2012 close
http://www.kitco.com/charts/livesilver.html
Silver Revenues from Proven & Probable Resources = $32.00 oz x 12,500,000 oz of silver
Silver Revenues from Proven & Probable Resources = $400,000,000
Net Profit Margin of 41% for Silver from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/135conameu.html
(This means that the Net Expense Ratio for Silver is 59%.)
Net Profit for Silver = $400,000,000 x .41
Net Profit for Silver = $164,000,000
Total Net Profit for Gold and Silver from Proven & Probable Resources:
Net Profit for Gold = $36,352,800
Net Profit for Silver = $164,000,000
Total Net Profit for Gold & Sureshot Silve Proven & Probable Resources = $200,352,800
The Total Net Profit for Gold & Silver Proven & Probable Resources of $200,352,800 was derived from the $551,470,000 amount for the total gold & silver Revenues from above.
($151,470,000 + $400,000,000 = $551,470,000)
Consider the formulas below to derive the Earnings Per Share (EPS) to determine the Expected Price Per Share given the Outstanding Shares (OS) as of this 3rd Qtr Financials and the OS as of today:
(Know too that Net Profit and Net Income are synonymous.)
EPS = Net Income ÷ Outstanding Shares (OS)
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Key Variables for the Formulas above:
Net Income = $200,352,800
OS as of 3rd Qtr Financials = 799,900,868 shares
OS as of today = 545,874,868 shares
Price to Earnings (P/E) Ratio = 21.20 confirmed below:
http://biz.yahoo.com/p/134conameu.html
The above amount of $200,352,800 for Net Income is derived from the "Behre Dolbear Report" data that was derived from a 2004 resource estimate that was prepared on the ”Cinco Minas” summation of proven (measured) and probable (indicated) ore reserves owned by SRGE. Again, Behre Dolbear is one of the most respected mining advisory firms in its industry. This estimate done by ”Behre Dolbear” de Mexico was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations, they reported the numbers that I used above to derive a fundamental valuation of the Cinco Minas property.
Below, I will derive a fundamental consideration for both OS’ indicated above to understand the magnitude of the share reduction that has transpired.
With the OS being 799,900,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 799,900,868 shares
EPS = .2504 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .2504 EPS x 21.20 P/E Ratio
Expected Price Per Share = $5.31 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $5.31 per share considering its OS of 799,900,868 shares.
Now let’s take under consideration the new OS of 545,874,868 shares versus the above OS of 799,900,868 shares based on the OS being as announced from the previous OS PR-ed below:
With the OS being 545,874,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 545,874,868 shares
EPS = .367 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .367 EPS x 21.20 P/E Ratio
Expected Price Per Share = $7.78 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $7.78 per share considering its current OS of 545,874,868 shares.
Whether or not SRGE trades in those share price areas will be based on investors learning and confirming what many of us already believe. This also does not taken into consideration the valuation from SRGE’s other properties that are owned. This is especially why I can see a major company being interested in some or all of SRGE for pennies on the dollar.
Below is the ”Attorney Letter” that was filed by the SRGE Attorney/Law Firm, CARRILLO HUETTEL, LLP, to further add credibility of the confirmed valuation indicated within this recently release of SRGE filings:
SRGE Attorney's Letter:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93319
This is a very reputable Law Firm as indicated by just looking at its list of "some" of their current clients listed on their website below:
http://www.carrillohuettel.com/clients.php
http://www.carrillohuettel.com/
http://stockcharts.com/c-sc/sc?
SRGE=>$.0.0060, tiny float undervalued gold stock. Short squeezing having a massive burst today breaking new highs 10/31/12. This bullish stock just become current with the OTC Markets thanks to the new board of directors. SRGE just filed their 3rd quarter statements and plan on releasing their 4th quarter very soon.
Based on the info SRGE should be hitting $7.78 very soon
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
Must read the following:
SRGE $550M Valuation in 3rd Qtr Filings…
All should view the significant valuation data of over $550,000,000+ derived from the work done by Behre Dolbear de Mexico of the Cinco Minas property owned by SRGE that’s located on page 21 of the recently released SRGE financials below:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93307
Although the "Behre Dolbear Report" confirmed that the $550,000,000+ is in the ground, SRGE cannot log it as Revenues or as an Asset because within the US, such confirmed valuation in the ground cannot be logged as Revenues or as an Asset until it is captured out of the ground and sold. This is why you won’t see this within the SRGE Income Statement or its Balance Sheet. The "Behre Dolbear Report" is a huge piece of credibility that confirmed that the valuation is there in the ground at the Cinco Minas property. The mineral advisors known as "Behre Dolbear" has been around for over 100 years which is another huge piece of credibility. Here’s their website below:
http://www.dolbear.com/
It was the "Behre Dolbear Report" that confirmed the over $550,000,000 to be in the ground of the Cinco Minas property owned by SRGE. Again, this is confirmed on page 21 from the recent 3rd Qtr SRGE filings in the link above. This value might be viewed as an ”Intrinsic Value” to some. The fundamental valuation will be a summation of proven (measured) and probable (indicated) ore reserves indicated within this recent 3rd Qtr filing which confirms that the valuation can be captured from the ground.
Based on this confirmation, I will derive a fundamental valuation that all should take into consideration to get an idea of where SRGE could be logically justified to trade. This also should help investors to understand why a major mining company would potentially consider buying out SRGE for pennies on the dollars. Observe…
Gold and Silver Amounts from Fiscal Year 3rd Qtr 2012 Financials:
Gold = 89,100 oz
Gold = $1,700.00+ per ounce as of 10/29/2012
http://www.kitco.com/charts/livegold.html
Gold Revenues from Proven & Probable Resources = $1,700.00 oz x 89,100 oz of gold
Gold Revenues from Proven & Probable Resources = $151,470,000
Net Profit Margin of 24% for Gold from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/134conameu.html
(This means that the Net Expense Ratio for Gold is 76%.)
Net Profit for Gold = $151,470,000 x .24
Net Profit for Gold = $36,352,800
Silver = 12,500,000 oz
Silver = $32.00+ per ounce as of 10/29/2012 close
http://www.kitco.com/charts/livesilver.html
Silver Revenues from Proven & Probable Resources = $32.00 oz x 12,500,000 oz of silver
Silver Revenues from Proven & Probable Resources = $400,000,000
Net Profit Margin of 41% for Silver from Yahoo Finance as of 29 Oct 2012:
http://biz.yahoo.com/p/135conameu.html
(This means that the Net Expense Ratio for Silver is 59%.)
Net Profit for Silver = $400,000,000 x .41
Net Profit for Silver = $164,000,000
Total Net Profit for Gold and Silver from Proven & Probable Resources:
Net Profit for Gold = $36,352,800
Net Profit for Silver = $164,000,000
Total Net Profit for Gold & Sureshot Silve Proven & Probable Resources = $200,352,800
The Total Net Profit for Gold & Silver Proven & Probable Resources of $200,352,800 was derived from the $551,470,000 amount for the total gold & silver Revenues from above.
($151,470,000 + $400,000,000 = $551,470,000)
Consider the formulas below to derive the Earnings Per Share (EPS) to determine the Expected Price Per Share given the Outstanding Shares (OS) as of this 3rd Qtr Financials and the OS as of today:
(Know too that Net Profit and Net Income are synonymous.)
EPS = Net Income ÷ Outstanding Shares (OS)
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Key Variables for the Formulas above:
Net Income = $200,352,800
OS as of 3rd Qtr Financials = 799,900,868 shares
OS as of today = 545,874,868 shares
Price to Earnings (P/E) Ratio = 21.20 confirmed below:
http://biz.yahoo.com/p/134conameu.html
The above amount of $200,352,800 for Net Income is derived from the "Behre Dolbear Report" data that was derived from a 2004 resource estimate that was prepared on the ”Cinco Minas” summation of proven (measured) and probable (indicated) ore reserves owned by SRGE. Again, Behre Dolbear is one of the most respected mining advisory firms in its industry. This estimate done by ”Behre Dolbear” de Mexico was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations, they reported the numbers that I used above to derive a fundamental valuation of the Cinco Minas property.
Below, I will derive a fundamental consideration for both OS’ indicated above to understand the magnitude of the share reduction that has transpired.
With the OS being 799,900,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 799,900,868 shares
EPS = .2504 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .2504 EPS x 21.20 P/E Ratio
Expected Price Per Share = $5.31 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $5.31 per share considering its OS of 799,900,868 shares.
Now let’s take under consideration the new OS of 545,874,868 shares versus the above OS of 799,900,868 shares based on the OS being as announced from the previous OS PR-ed below:
With the OS being 545,874,868 shares:
EPS = Net Income ÷ Outstanding Shares (OS)
EPS = $200,352,800 ÷ 545,874,868 shares
EPS = .367 per share
Expected Price Per Share = EPS x Price to Earnings (P/E) Ratio
Expected Price Per Share = .367 EPS x 21.20 P/E Ratio
Expected Price Per Share = $7.78 per share
This means that based on what has been confirmed from the "Behre Dolbear Report" for what’s confirmed to be in the ground of the Cinco Minas property, SRGE is worth $7.78 per share considering its current OS of 545,874,868 shares.
Whether or not SRGE trades in those share price areas will be based on investors learning and confirming what many of us already believe. This also does not taken into consideration the valuation from SRGE’s other properties that are owned. This is especially why I can see a major company being interested in some or all of SRGE for pennies on the dollar.
Below is the ”Attorney Letter” that was filed by the SRGE Attorney/Law Firm, CARRILLO HUETTEL, LLP, to further add credibility of the confirmed valuation indicated within this recently release of SRGE filings:
SRGE Attorney's Letter:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93319
This is a very reputable Law Firm as indicated by just looking at its list of "some" of their current clients listed on their website below:
http://www.carrillohuettel.com/clients.php
http://www.carrillohuettel.com/
no pump and dump, just a few flippers and alot of shorts. SRGE is legit and is proving itself on a daily basis. If you followed today through level 2 Etrade and Knight were busy trying to cover their shorts and there still more shorts. SRGE has alot to come in and big things are going to happen. Through all of this im sure that SCCO has their eyes on them. BE a good investment for the company
SRGE is running and drilling though new highs
SRGE drilling though new levels, up 17.65% today, massive breakout from the $.006s
SRGE is set to hit $.05-$.20 very soon and from its valuation its suppose to be trading at $.04
Load up before it enters the pennies
SRGE up 17.65% this is just the beginning off its breakout
This tiny float undervalued gold stock is going to drill through the pennies soon. Expected to hit $.05-$.20 very soon
SRGE just had a massive break out and is starting to run. Reaching new highs again
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE, is starting make new highs again This time its going to stay going up drilling through the pennies
SRGE, is having nice breakout. Penny land we go
SRGE just had a massive breakout im sure theres something in the works with SCCO
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE>$.006>tiny float gold stock massive breakout
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857
SRGE massive chart breakout at $.006 starting to run
http://stockcharts.com/c-sc/sc?s=SRGE&p=D&yr=0&mn=3&dy=0&i=p96339448868&a=277899402&r=1347982333857