Replies to post #77564 on Southridge Enterprises Inc (SRGE)

[isee1]

WOW----thanks for all your hard work and showing (proving in many cases)the potential true value of SRGE:)$$

[WillForeall]

SRGE has huge potential soon to be reality!!! ;-)

[poster44ny]

That good info. Hard numbers is what we should like to see.

It's still speculative, but what PS isn't.

[buckiii2]

This report is only 17 of 30 plus holes drilled.

[JohnCM]

Wow ... Well written! Very exciting if even close to the truth.

[lc68]

JUST CAME BACK FROM MEXICO LAST WEEK LIKE THE ACTIVITY OVER THERE GOT ME 300000 SHARES THIS WEEK WILL GET ANOTHER 1/2 MILLION NEXT WEEK.
I HAD 200000 BEFORE GOING I'LL GET MY MILLION NEXT WEEK

[gas_2_fuel]

We also know that the way the economy is heading and predictions are saying Gold and Silver only going to go higher so this even makes potential share price higher.

[rjbluesky]

If we add up ALL the mine locations, didn't I read in your dd that the total value (Best Case) Price Per Share is around $24-$25 range?

[I-Glow]

Stervc, it is industry standard to cite the Lab that did the analysis and the QA/QC - where is this information from SRGE???

All I see is a chart and without a lab that did the analysis this is worthless information.

There are several other items that raise some concern about the validity of the posted results.

1. There is no lab or qualified person listed in press release, it should be something similar to this:

Qualified Person
The drill program is being carried out under the direction of Mr. John F. Whitton, P.Geo, qualified person within the meaning of National Instrument 43-101. Mr. Whitton has reviewed the contents of this news release.

Sample preparation and assay procedures are carried out by ALS Laboratories using standard fire assaying with an AA or gravimetric finish where appropriate.

SRGE was vague and general and as usual there no information released that could be verified.

2. There is something wrong with these numbers:

37 holes totaling 3,246m have been completed at Gran Cabrera Mine

Here is a huge problem - for 37 drill holes with a average depth of 88 meters for a total depth of 3,246 meters. This is much too shallow for it to be real numbers - these numbers were fabricated. In 2011 for Goldcorp in Mexico their average drill length was 219 meters. That was a total of 77,360 meters drilled in 353 holes.

3. Your analysis of the amount of gold at Gran Cabrera is faulty. You can't take averages of the grade of ore - it doesn't work that way. Do you know the geometry of the mine and the drill pattern - the answer is no. Also, you don't get 100% recovery and you always make this mistake - Goldcorp averages 68% recovery in all of the Mexico operation. Also, for a gold mining operation silver is a by-product and the recovery is extremely low - so your numbers are pure fantasy. Plus, I don't see many 8.9 grams/ton of gold ore in Mexico. For Goldcorp here you go: (1.60, 0.37 and 0.74)grams/ton! The SRGE numbers are sketchy at best and fraudulent at worst.

Again, with all SRGE press releases there are more questions than answers and more RED FLAGS!

IG

[bigman7100]

Nice Work on (srge),

My thoughts fall right in the middle of both those figures, like you pointed out, that is only one mine and (srge) owns many. So to even consider (srge) shares for less than one dollar....LOL

[rangerxlt]

Thanks stervc, That's more great news in your break down!!!

So, this means that SRGE is worth as a ”best case” perspective $2.79 per share based on its Gran Cabrera mine alone. This means that SRGE is worth as a ”worst case” scenario $1.01 per shares based on its Gran Cabrera mine alone. It must be noted that the above valuation ”could” be derived over time based on the data presented by SRGE. How soon would be based upon a variety of variables to include if a major Joint Venture (JV) entity would get involved to assist as it is very attractive. Also, as this must be noted again, the above valuation is only from the recent SRGE drill program that was done on their Gran Cabrera mine alone. SRGE is worth significantly more when you consider the valuation added in from their additional mines that they own of which we all are familiar with I’m sure.

v/r
Sterling

[TyTrades]

Thanks Sterling! Enjoy your weekend.

[Gooddolphin]

Thanks steric!... Always value your opinion

[Kate1956]

Damn you are good

[bigstocksnbonds]

Thanks so much stervc!! $2.79 sounds Wonderful and only for 1 mine! Wow! You are the best! Thanks lots! Go Srge!!!!

[risehigh]

You always do great dd for all longs here and it is so wonderful how you spend time to explain it all out. Thanks so much keep up the hard work. It will pay off pretty soon!$$$$$$$$$$$

[EarnestDD]

Those Valuations sure look BOGUS now don't they???

SRGE ... Fraud confirmed. Just as warned.
jmo