Southridge Enterprises Inc (SRGE)

[rbtree]

Poppycock. Not one with an estimated value of a cool half billion buckaroos.

Especially when there are NO preven reseerves of gold or silver at ANY of the concessions that SRGE may or may not control.

In fact, looking at the old TUMI and Bandera studies, one immediately sees that, even if the estimated resource were confirmed as reserves, the value of said property would be far far less than ~$500mm--to one of two partners. Why, because the current estimated resource is really very small, and not espeoially rich, either. There are scads of properties all over that are far more promising.

Of course, that discussion is moot, because no major would offer such an ungodly $ number for a totally unproven property. They might offer a few million, but then would have to come in and spend $10-20mm more just to determine if the property were worth moving forward with.