Message: News
This news is outstanding, opinion aside. The total indicated, inferred and probable resource increased by 33.3%, both gold and antimony net went up nicely, and the potential revenue and shareprice increased by 60% compared to January 2009.
Here is a summary:
| Jan., 2009 | Jan., 2010 | % Change | |
| Ore, Tons | 66,489.0 | 88,657.0 | 33.3% |
| Metal, Sb @ 95% (tons) | 14,129.0 | 18,419.6 | 30.4% |
| Metal, Au @ 90% (Toz) | 20,875.2 | 29,121.2 | 39.5% |
| Total Gross Value | $85,594,824 | $136,726,929 | 59.7% |
| Total Net Value @ 60% | $51,356,894 | $82,036,157 | 59.7% |
| Value/Share @ 1.9B Shares | $0.027 | $0.043 | 59.7% |
| Price/Share @ P/E =15 | $0.41 | $0.65 | 59.7% |
Basis:
- $6,000 per ton Antimony
- $900 per Toz Gold
- 95% Sb recovery
- 90% Au recovery
- 1.9B Shares (guess)
- SP projection based on one year to process this material @ 250 tons/day, all year processing.
Better yet, we may have high confidence that the indicated and inferred are accurate due to the proximity to the probable as Buntdzen points out.
IMHO, this will serve as a basis for financing, the resources do not need to be proven.
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