Replies to post #63139 on Southridge Enterprises Inc (SRGE)

[janice shell]

Why do you assume they haven't or in the process of doing studies on the properties?

Because the company would have announced that. They love to put out PRs.

And because everyone in the area would have noticed the activity.

[1manband]

Because a full feasibility study requires YEARS of work by qualified and independent third-parties and tens of millions of dollars to complete?

SRGE has neither. And without a full (bankable) feasibility study, there are no reserves. None.

And to claim otherwise is fraudulent. And even if you did have reserves, to assign a dollar value to in-ground reserves is also fraudulent, as they have no value until extracted.

[janice shell]

Negotiations come after the feasibility studies, too. Would you buy something if you had no idea what it was worth?