I agree 100% with you Rhinegold and speaking of valuations, the following is an excerpt of a link by MoMoney4me1.  I also think Stervc at one time had similar valuations for all the SRGE properties.  I think we know that SRGE raised their A/S to 1.5 bil so let's assume with Novamex now controlling SRGE, they maxed that a/s out due to officers/insiders/Novamex obtaining shares from the last report 545 mil o/s up to the 1.5 bil max.  $25 bil mining assets/1.5 bil shares = $16.66 per share book value of course less any liabilities.  The following from MoMoney4me1's post......

"$SRGE/MSJ!! $I've just done a quick calculation as to MSJ's potential gold/silver estimated values in their Mexican mining properties.....over $25BN!!!!!!!!!!!!!!!!! And that is just Mexico! MSJ have Colombian and Canadian mines too by look of it!!"

MSJ max gold OZ's = 5,867,410 oz = $9,974,597,000

MSJ max silver OZ's = 5,436,682,288 oz = $15,766,786,352 ,

http://ragingbull.com/forum/topic/262611