Replies to post #30065 on Southridge Enterprises Inc (SRGE)

[MoMoRaptor]

It is REAL and their opinion is right on the money!!! Goldcorp BUYOUT is possible!!!!!

We know that Goldcorp paid $9.5 billion ($54 a share) for Glamis back in 2006 when gold was trading at just $550 an ounce and the El Sauzal mine was producing just 1,000 ounces of gold annually.

Given the now-proven production history of Mexico's Urique gold district, a similar price tag for Southridge's wholly owned mineral concessions seems like a steal.

But, gold is now trading about 225% above its 2006 price. That means the $9.5 billion Goldcorp paid for Glamis in 2006 would be more like $20.7 Billion today. If Goldcorp pays just $9.25 billion for Southridge's properties, the per-share price (545,874,868 million shares) works out to $16.94 per share of Southridge Minerals (SRGE)!

But, if Goldcorp has to up the anti due to current gold prices, a price tag of $18.5 billion works out to $33.88 for each share of Southridge Minerals (SRGE) that you can buy now for under a penny!

If our hunch is right, you could invest $10,000 now in SRGE at around $0.005 a share and walk away from a takeover with a staggering 650,000% return!