Replies to post #48947 on Southridge Enterprises Inc (SRGE)

[WillForeall]

No again! SRGE has been mining CM...it's not hard for SRGE to recover the gold!

"Southridge Hits Bonanza-Grade Intercept at Cinco Minas and Increases Stock Buyback Program

DALLAS, Sept. 19, 2012 /PRNewswire/ -- Southridge Minerals, Inc. (Pinksheets: SRGE) ("Southridge" or the "Company") is pleased to announce high-grade gold-silver results from their 2012 diamond drill program at their Cinco Minas, in Jalisco, Mexico. Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au) intercepts.

"These results prove to be great indications for the Company, as we are working diligently to expand the existing mineral resource at Cinco Minas," said Michael Davies, President & CEO of Southridge."

[giaiv22]

My understanding is that the report was from 2004, not 2006.

If that is the case, it's actually about 4 times the price, which is quite significant. Actually even at 2 or 2.5x's the price- it's still very significant.

Yes, if todays price was 2x's from 2004 or 2006 from a price of $100- then yes, not a significant amount. But when we are talking about $400-$500 and 2-4x's the price- that's an extremely significant margin.

Also significant is the the expected/anticipated price of gold for the future, not to mention silver which is becoming even more significant.

Also significant is who is on the BOD- Alfonso Sanchez Navarro: who's uncle is a powerful Mexican Politician with a lot of ties/connections in the mining industry.

Man there is so many significant things here, it's amazing where this baby is heading.

[tob999]

The price of gold is 2 1/2 times what it was 2006. You make it sound like the price is 10 times greater.

That report was made in 2004 NOT 2006!!!! And the price of gold in 2004 was $409 per OZ!! Price of gold now is $1712!!!!! 4.18 x the price! Cinco Minas is very much active.