Southridge Enterprises Inc (SRGE)

[da_trader]

SRGE headed for .20, here's why....


This is a Mathers Research target price (.20/share) that was put out on January 23, 2011. Their report idicates that the Cincas Mines, owned by Southridge Enterprises Inc. (SRGE), is capable of producing 60 tons per day, expandable to 500 tons per day. Per the press release from yesterday, the Company has now followed through with their intended plans to make this happen. Yesterday's PR indicates they are already beginning the implementation of this planned expansion.




Southridge Announces Analyst Research Report; Mathers Research Initiates Research Coverage


DALLAS, Jan. 23, 2011 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced today that Mathers Research ("Mathers") has initiated research coverage of Southridge, with a 'Speculative BUY' Opinion and a near term price target of $0.20 cents per share.
Mathers, which provides independent investment research to individual and institutional investors, has released a comprehensive report that describes Southridge and its mining growth strategy. The report includes information about the Company's business model, recent acquisitions, gold production and the Mill Production Plan (MPP).
Nigel Perkins, Research Analyst with Mathers Research commented, "It is the author's opinion that Southridge Enterprises represents a significant opportunity to investors with a target price of $0.20 per share."
Recent exploration and technical reports of the Cinco Minas Property indicates substantial high-grade gold and silver mineralization. A 2007 Property report for Cinco Minas confirmed a mineral resource of 235,000 oz. gold and 23.33 million oz. silver. In addition, the property report cites that only 20% of the known vein system has been tested, which represents a significant potential upside to the confirmed resource.
The recently announced Mill Production Plan (MPP) outlines the reactivation of an ore processing mill located at the Cinco Minas site. The mill is capable of processing 60 tpd (tons per day), and is expandable to 500 tpd, and there is more than a two year supply of stockpiled ore currently on surface at Cinco Minas ready to be processed through the mill.
For a link to the full investment opinion and risks associated with this company, visit http://www.mathersresearch.com/research
About Mathers Research
Mathers Research was founded in 2001 by Managing Director Nigel Perkins. Over the past decade, Mr. Perkins has developed a team of experienced professionals at Mathers, whom have now generated numerous research reports on companies trading in markets around the world and crossing many industry sectors. Our report content was previously commissioned specifically on a proprietary basis for investment houses throughout the world and was only available to the public through the firms that purchased our research. We have recently begun to direct our research and reports to the investment community on a retail level and narrowed our focus to identify unique small and micro capitalized company opportunities.

For further information on the Company's Gold and Silver projects, visit our website, http://www.southridgeminerals.com