Replies to post #120588 on Southridge Enterprises Inc (SRGE)

[janice shell]

I will ask MoMoRaptor but he never replies to emails.

Well, that's interesting. Not much of a guru, is he?

A J.V. agreement can be executed in a short period of time as well as a buyout of any property. It can be done in 2 weeks if wanted.

Sure it can, if you like the idea of throwing away $600 million for something you haven't bothered to verify. In addition, that is not really how mining JVs work. NO huge sums are paid up front. Usually the JV is projected to last for years, with a certain amount of work done each year, and a certain amount of money spent.

No wire transfers for $600 million are involved.

[rbtree]

Poppycock. Not one with an estimated value of a cool half billion buckaroos.

Especially when there are NO preven reseerves of gold or silver at ANY of the concessions that SRGE may or may not control.

In fact, looking at the old TUMI and Bandera studies, one immediately sees that, even if the estimated resource were confirmed as reserves, the value of said property would be far far less than ~$500mm--to one of two partners. Why, because the current estimated resource is really very small, and not espeoially rich, either. There are scads of properties all over that are far more promising.

Of course, that discussion is moot, because no major would offer such an ungodly $ number for a totally unproven property. They might offer a few million, but then would have to come in and spend $10-20mm more just to determine if the property were worth moving forward with.