Southridge Enterprises Inc (SRGE)

[Arcade314]

As a mining engineer, i want to inform people of what is maybe going here.

For a mining exploration enterprise, the first thing they need to do is to find a ressource with a potential.

Then they make a few drilling to get more info on what is going underground.

When they get enought info, they need to raise some capital to drill more to make sure there is a ore . ( that's when they put out a pr and the price per share goes up)

As that moment, if they get enought money, the make a prefaisability study to plan the production phase and at that moment they will get bought by a big company like Vale, Rio tinto, Iamgold.... (last time i saw this was a in bresil, a company found gold and copper and spend 50millions for drilling, exploration and prefaisability study and Ni 43-101 and got bought for 3.5 billions )

If they dont have any money or no financing. then the have to get the ore out first (as much as possible) to be able to make some money to finance them self the production.But this is the less profitable wait to do it and very long. because of the low production rate. ( that's when the share goes down)


hope it helps people