Southridge Enterprises Inc (SRGE)

[giaiv22]

I got it from doing a search but here we go (Below goldcorp link) for Goldcorp in mexico concerning Cash Cost. Notice how one property is $463 and the other is $524 and the one that is $847 has a (847) not sure what that means. So I did some deeper digging.

The average cost in the whole industry is $727 per ounce. But thankfully, SRGE is in Mexico. And yes, the difference between $463, $524 and $727 or worse $800-$900 is very significant when it comes to profit margin. But even if it was $800-$900 (which is hilariously not (so I was right) it's still going to be a nice profit margin bc price of gold is going up. not down.

"Gold and silver production at Peñasquito in the second quarter totaled 103,800 ounces and 6,570,700 ounces respectively. Lead production was 45.9 million pounds and zinc production was 95.0 million pounds. Strong by-product production contributed to total cash costs of negative $425 per ounce of gold."

from: http://seekingalpha.com/news-article/3626721-goldcorp-reports-2012-second-quarter-results

So it appears my $524 number was pretty spot on and actually cheaper at another property. The main point is, that for everyone here's sakes- it's important that the most relevant information is provided so people reading have the most accurate information. Since we are talking about Mexico and Cinco Minas, we should post the most similar/relevant information instead of posting a link to how much cash costs are in South Africa which happens to be the most expensive place to mine gold. Hopefully you agree? We don't want to mislead anyone by cutting out information from a link that deals with a region that is almost twice as much to make it appear it's not attractive to NYSE.

Again, thanks for your offer to tutorial me, but I'll pass.





http://www.goldcorp.com/files/april-24-2012/portfolio-at-a-glance.html