Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: Another way of valuating this..

One newsletter writer used the following calculations to determine that the original bid of $3.39/share placed the buyout value of $131/ounce.

At $4.80, this would be a valuation of $185/ounce. He is only using P+P reserves.

--------------------------------------
Canplats 10-09
Prelim Assessment
($750Au +$ 13.50Ag)
Camino Rojo site
--------------------------------------

********************************************
P+P Reserves
********************************************

1.71 mil oz (M&I oz,which we treat as P+P)

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Shares outstanding
********************************************

66 mil (fully diluted)

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Spot Gold Price
********************************************

$1,100/oz

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% of Spot Buyer willing to pay/oz
********************************************

61% = $670/oz

********************************************
Minus Life of Mine (LOM) Cash Cost/oz
********************************************

$340/oz (net of 900K/yr Ag)

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Avail to pay per recovered oz
********************************************

$330/oz recovered

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Estimated Recov Oz
********************************************

1.28 mil = 75% P+P

********************************************
Total Bid Value
********************************************

1.28 x $330 = $422 mil

********************************************
Minus Devlop Capex and on-going per recovered oz
********************************************

-$134 mil to Develop

- $64 mil ($50/oz)

---------

-$198 mil

********************************************
Bid Value less Adjustments
********************************************

$422 mil - $198 mil = $224 mil Net Bid

********************************************
Net Bid per share
********************************************

$224 mil /66 mil = US$3.39/shr

********************************************
Price /P+P oz
********************************************

$224/1.71 = $131/oz

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