Southridge Enterprises Inc (SRGE)

[I-Glow]

What you fail to recognize is Tumi Resources hired Behre Dolbear to do a analysis of Cinco Minas and from the B-D report decided to abandon the project:

Cinco Minas
After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review
of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge
S.A. de C.V. Although a resource was established for Cinco Minas, the results of a scoping study previously
undertaken by Behre Dolbear indicated a very high strip ratio for an open pit mining operation, such indication having
been confirmed by in-house studies performed by the Company’s technical consultants. Additionally, a review of an
underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly
when having to deal with a large number of historic open stopes. In summary, a combination of a very high strip ratio
for an open pit, underground open stopes, make the Cinco Minas property unattractive to the Company from an economic prospective. To meet the
Company’s exploration goals, a project must also be able to reach “advanced project status” quickly and cost
effectively. Neither the open pit nor the underground options meet the standard for operational size and economic
potential. Accordingly, the Company wrote-off $2,903,371 in acquisition and exploration costs.

So the answer is the Behre-Dolbear report is accurate and that is why Tumi abandoned Cinco Minas and wrote off $3 million.

IG