Saturday, December 08, 2012 2:56:13 PM
So, this means that SRGE is worth as a ”best case” perspective $2.79 per share based on its Gran Cabrera mine alone. This means that SRGE is worth as a ”worst case” scenario $1.01 per shares based on its Gran Cabrera mine alone. It must be noted that the above valuation ”could” be derived over time based on the data presented by SRGE. How soon would be based upon a variety of variables to include if a major Joint Venture (JV) entity would get involved to assist as it is very attractive. Also, as this must be noted again, the above valuation is only from the recent SRGE drill program that was done on their Gran Cabrera mine alone. SRGE is worth significantly more when you consider the valuation added in from their additional mines that they own of which we all are familiar with I’m sure.
v/r
Sterling
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