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Southridge Enterprises Inc SRGE
Posted On: 04/29/2016 8:54:07 AM
Post# of 9903
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Posted By: nightfly
Re: FrankMD #7941
Yes, it is time for the buyout. But, it's all up to MSJ and their negotiations with senior miners to make it happen. Sure, the senior miners can wait half a year, but in half a year the mines will be more valuable as the price of gold/silver is recovering and rising. SRGE valued Cinco Minas/Gran Cabrera on December 26th 2012 in their press release at 550 million $ minimum. With my new calculation for April 28th 2016 Cinco Minas/Gran Cabrera would be worth 340 million $ at the current gold/silver price. That's 210 million $ (38%) cheaper than in 2012. It's a golden opportunity for a senior miner to strike big.













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