Scroll to right, hopefully this is readable. Note this is based on 250 tons per day, and is only showing what has already been discovered. Looking at the 2010 data for Probable Reserves only, we could deplete this resource in 170 mining days at 250 tpd (or 170 tpd for 250 days, same result). This alone is worth a SP of 39 cents assuming further drilling brought proof of future tonnage at similar grades (which I fully expect).
| Reserve Category |
Quantity Ore (tons) |
% Sb |
Metal (tons Sb) @95% Recovery |
Value/Ton Sb |
Grade (Toz Au/ton) |
Metal (Toz Au) @ 90% Recovery |
Value/Toz Au |
Total Value Sb |
Total Value Au |
Grand Total Gross Value |
Mining Days @250 tpd |
Net Value @ 60% |
Value per Share (@1.9B Shares) |
Potential SP @ P/E =15 |
| 1/1/2009, Probable |
42,412.0 |
28.00% |
11,281.3 |
$4,950 |
0.408 |
15,570.0 |
$750 |
$55,842,188 |
$11,677,500 |
$67,519,688 |
170 |
$40,511,813 |
$0.021 |
$0.32 |
| 1/1/2009 Inferred |
24,077.0 |
12.45% |
2,847.7 |
$4,950 |
0.245 |
5,305.2 |
$750 |
$14,096,214 |
$3,978,923 |
$18,075,137 |
96 |
$10,845,082 |
$0.006 |
$0.09 |
| Total, Jan 2009 |
66,489.0 |
|
14,129.0 |
|
0.31 |
20,875.2 |
|
$69,938,402 |
$15,656,423 |
$85,594,824 |
266 |
$51,356,894 |
$0.027 |
$0.41 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1/7/2010, Probable |
42,412.0 |
28.00% |
11281.6 |
$6,000 |
0.408 |
15573.7 |
$900 |
$67,689,552 |
$14,016,318 |
$81,705,870 |
170 |
$49,023,522 |
$0.026 |
$0.39 |
| 1/7/2010, Indicated |
12,039.0 |
20.02% |
2289.7 |
$6,000 |
0.236 |
2557.1 |
$900 |
$13,738,184 |
$2,301,375 |
$16,039,560 |
48 |
$9,623,736 |
$0.005 |
$0.08 |
| 1/7/2010, Inferred |
34,206.0 |
14.92% |
4848.4 |
$6,000 |
0.357 |
10990.4 |
$900 |
$29,090,151 |
$9,891,349 |
$38,981,500 |
137 |
$23,388,900 |
$0.012 |
$0.18 |
| Total Jan, 2010 |
88,657.0 |
|
18,419.6 |
|
0.33 |
29,121.2 |
|
$110,517,887 |
$26,209,042 |
$136,726,929 |
355 |
$82,036,157 |
$0.043 |
$0.65 |
| 2009/2010 Difference |
22,168.0 |
|
4,290.7 |
|
|
8,245.9 |
|
$40,579,486 |
$10,552,620 |
$51,132,105 |
|
$30,679,263 |
|
$0.24 |
