Southridge Enterprises Inc (SRGE)

[giaiv22]

I-Glow,

This discussion seems to have jumped around quite a bit and keeps getting added to. My first point was that Mexico is one of the cheapest place to process (which is true). It's at around $325 an ounce. This is an accurate and important statement. This is also very positive and great for SRGE and whoever the JV is. I think the most exciting variable is the future projection of gold. If you look up, it's actually quite amazing what is being projected and this is just in the next two years. Can we really see price of Gold hit $3-$4,000? If so, which is very possible in my opinion.

Then you correctly stated that there are other costs like cash costs and all in costs. That's true of any business, right? I understand this 1000% bc I'm very familiar with business.

You stated that the Cash Cost is between $800-$900 and had a link talking about mining in South Africa which is one of the most expensive or is the most expensive places in the world to mine.

Gold Mining 101 - now you should understand the the $800 to $900 cash cost for gold mining is very much real.

Yes that may be true for the most expensive region in the world but in mexico it's around $525 per ounce, and possibly cheaper. A very positive thing for SRGE and whoever the JV is.

You stated that the Penasquito property costs $847 per ounce cash cost. But that's actually inaccurate bc it's $(847) per ounce. The other properties are $524 and $463 ( I believe.. posting by memory

Where did you get those numbers - as I can show you Goldcorp numbers from the Peñasquito mine where they have cash costs of $847.

But this statement has yet to be corrected, but instead jumped to the all in cost for Goldcorp.

It seems that whenever I correct, more gets added to make it look like mining is very unattractive and negative and that Cinco Minas shouldn't even been considered. It's almost as if that no gold company should be mining at all. It's made to sound just so expensive, low profit margin making it all pointless.

The real main point in all this is that Cinco Minas is a very real mine with a history of producing and it's located in one of the cheapest places in the world to mine. This is a very positive uplifting thing and that's what I've been expressing.

Cinco Minas is not some property on eBay as it was being compared to. That's actually very insulting and shows lack of respect in my opinion.

Again, if price of gold (as it's being projected) hits $3-$4,000 in the next two years. Then the all in cost, cash cost, don't really matter as much as being portrayed now do they? It's actually already at at a price that is still very very desirable. But imagine $3-$4,000? See, that's all that really matters and why this is happening. This is a JV is looking at Cinco Minas. Or maybe even a buyout. It's not unreasonable to consider what's being proposed when we look at the bigger picture and not just the $1700 an ounce picture.