Todays news release from Golden Tag on the San Diego NI 43-101 mineral resource was spectacular. The previous resource estimate from January 28, 2008 contained 42.384 million ounces silver equivalent indicated plus inferred (I+I). Today's San Diego resource estimate contains 222.39 million ounces silver equivalent which is more than a 5 fold increase in less than one year. Heck, the San Diego mineral resource for I+I is now larger than the January 24, 2008 estimate for ECU's Velardena property. I have broken down the mineral values below for this news release. I used the metal dollar values used by Golden Tag in the news release which are basically the 3 year trailing average prices.

Indicated + Inferred

Mineral Resource = 222.39 million ounces Ag equiv

Tonnage = 22,009,466 tonnes

Average Ag equiv grade = 10.10 ounces per tonne

Average Metal Value = $141.46 per tonne

Life of mine with 3,000 tpd mill = 20.1 years

Indicated + Inferrred + Max Potential

Mineral Resource = 611.89 tonnes

Tonage = 64,362,206 tonnes

Average Ag equiv grade = 9.51 ounces per tonne

Average Metal Value = $133.14 per tonne

Life of mine with 5,000 tpd mill = 35.3 years

Profit I+I+Max Potential

Narrow vein mine + mill cost = $45/tonne per previous NI 43-101, use $50/tonne

Profit = $83.14/tonne

Total Profit over life of mine = $5,351,074,000

Profit per Year = $151,600,000

Value using 10 to 1 PE = $1,516,000,000

Value per Ag Equiv Oz = $2.48/ounce

10 to 1 PE times 50% each company = $757,950,000

Resource converted to Company Share Price

Value per Company = $757,959,000

ECU Shares Fully Dilluted = 263,584,807

Value per ECU Share = $2.88

Golden Tag Shares Outstanding = 39,770,000

Value per Golden Tag Share = $19.06

Needless to say the current ECU and Golden Tag share prices are way undervalued based on their resource at San Diego and their potential profit.