Southridge Enterprises Inc (SRGE)

[I-Glow]

For those that haven't read the bandera NI 43-101 report. Here are few details you might find interesting.

However, even in light of these and other press releases touting the positive results during the program, the project was dropped by Tumi in a press release of May 18, 2005. It advised that a high strip ratio and too
long a time frame to achieve an advanced project status were the main factors in its decision. They determined that they could not establish a viable open pit or underground mining operation in the old workings.

So you have to understand Tumi had the resources to mine CM but chose not to - as the price of gold escalated Tumi chose not to get involved with either Gran Cabrera or Cinco Minas. The valuation - which is still in part based on the scoping study by Behre-Dolbear.

IG