Southridge Enterprises Inc (SRGE)

[I-Glow]

Sorry, the only thing done was a scoping study - NOT a feasibility study.

the results of a scoping study previously
undertaken by Behre Dolbear

A scoping study is a hypothetical development scenario and is based on preliminary information and therefore must not be mistaken for a pre-feasibility study. They used inferred resources and guesstimates that have a greater uncertainly associated with them, a scoping study relying on Inferred resources in going to have a much higher degree of uncertainty associated with it.

The numbers you posted are meaningless because they are arrived at from the scoping study.

This is similar to the nonsense Stervc posted.

You do realize that there hasn't been a comprehensive drilling program that would be required to have a real estimate of the resources. You will have non-recoveralble resources that Tumi Resources documented as to the reasons they were abandoning CM!

Cinco Minas
After a thorough technical evaluation, including three separate drill programs and a comprehensive economic review of the Cinco Minas property, the Company has decided to withdraw from the option agreement with Minera San Jorge S.A. de C.V. Although a resource was established for Cinco Minas, the results of a scoping study previously undertaken by Behre Dolbear indicated a very high strip ratio for an open pit mining operation, such indication having been confirmed by in-house studies performed by the Company’s technical consultants. Additionally, a review of an underground high-grade mining option gave resource numbers too low to be of interest to the Company, particularly when having to deal with a large number of historic open stopes.

IG