DALLAS, Jan. 23, 2011 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets:
SRGE.PK - News) ("Southridge" or the "Company") announced today that Mathers
Research ("Mathers") has initiated research coverage of Southridge, with a
'Speculative BUY' Opinion and a near term price target of $0.20 cents per
share.
Mathers, which provides independent investment research to individual and
institutional investors, has released a comprehensive report that describes
Southridge and its mining growth strategy. The report includes information
about the Company's business model, recent acquisitions, gold production and
the Mill Production Plan (MPP).
Nigel Perkins, Research Analyst with Mathers Research commented, "It is the
author's opinion that Southridge Enterprises represents a significant
opportunity to investors with a target price of $0.20 per share."
Recent exploration and technical reports of the Cinco Minas Property indicates
substantial high-grade gold and silver mineralization. A 2007 Property report
for Cinco Minas confirmed a mineral resource of 235,000 oz. gold and 23.33
million oz. silver. In addition, the property report cites that only 20% of
the known vein system has been tested, which represents a significant
potential upside to the confirmed resource.
The recently announced Mill Production Plan (MPP) outlines the reactivation of
an ore processing mill located at the Cinco Minas site. The mill is capable of
processing 60 tpd (tons per day), and is expandable to 500 tpd, and there is
more than a two year supply of stockpiled ore currently on surface at Cinco
Minas ready to be processed through the mill.
For a link to the full investment opinion and risks associated with this
company, visit http://www.mathersresearch.com/research
About Mathers Research
Mathers Research was founded in 2001 by Managing Director Nigel Perkins. Over
the past decade, Mr. Perkins has developed a team of experienced professionals
at Mathers, whom have now generated numerous research reports on companies
trading in markets around the world and crossing many industry sectors. Our
report content was previously commissioned specifically on a proprietary basis
for investment houses throughout the world and was only available to the
public through the firms that purchased our research. We have recently begun
to direct our research and reports to the investment community on a retail
level and narrowed our focus to identify unique small and micro capitalized
company opportunities.
For further information on the Company's Gold and Silver projects, visit our
website, http://www.southridgeminerals.com
Southridge Investors can access the following Southridge Minerals social media
channels:
YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)
Facebook:
(http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466)
Twitter: (http://twitter.com/SouthridgeSRGE)
About Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company
dedicated to acquiring and developing mineral resources in geologically
permissible and politically stable areas of the world. The Company seeks out
early stage opportunities with good mineralization indicators that exhibit
significant blue-sky potential. Southridge pursues and advances these projects
that are or will be of interest to mid-size and major producers. By forming
alliances on individual projects, the Company expects to develop its interests
in mines operated by its partners, allowing it to continue to build value
through continued exploration. Southridge is currently focused on projects in
Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge
of the geological conditions and formations pertaining to known large gold
deposits that have received very little attention to date. This comparative
advantage, combined with a specific geographical and mineral focus, will allow
for more efficient asset and income growth in the future for the benefit of
shareholders' investments.
Forward-Looking Statements
Although the Company believes that the forward-looking statement of beliefs,
plans, expectations, and intentions contained in this press release are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors
disclosed in the Company's published current and periodic reports.
13.5.12
Southridge Announces Analyst Research Report; Mathers Research Initiates Research Coverage
Southridge Announces Analyst Research Report; Mathers Research Initiates Research Coverage
