Southridge Enterprises Inc (SRGE)

[I-Glow]

Before you state great news you need to finish your analysis. Like I have done several times to show just how fraudulent the SRGE press releases are and based on fiction not fact.

SRGE-> Cinco Minas property->GREAT READ/FACT->

SRGE Cinco Minas property was mined between 1922 and 1928 and reported 1,083,000 tonnes of ore averaging 3.17 g/t gold and 476 g/t silver. This equates to 97,364 oz. of gold and 15,095,915 oz. of silver."

From a September 5th 2012 press release:

In fiscal 2012, the Company processed over 9,000 tons of ore and recorded revenues of $3.14 Million.

If what they processed was @ 3.17 grams/Ton 9000 tons would yield a total of 28,530 grams of gold. This converts to 1006 Ounces. This is assuming 100% recovery from the ore (and this never happens). If you look at Goldcorps largest mine in Mexico which Milling/Processing capacity of 130,000 tpd - their recovery is 61%. Also, there is no cost of mining taken out.

But assuming 100% recovery the total revenue would only be $1.7 million NOT $3.14 Million.

Remember that the best producing mine in Mexico is one of Goldcorps and it had a gold grade of 4.80 g/t.

So, you see the SRGE numbers are fictional much like the unaudited quarterly report.

Just more information to submit to the SEC for fraudulent press releases. But we all know SRGE is not mining as Cinco Minas is abandoned.

IG