- Orko Silver Corp. (TSX.V:OK) - has been steadily increasing its silver deposit in Mexico and has drilled up a resource of more than 200 million ounces of silver and it keeps growing. Their recent agreement with Pan American takes away many of the funding risks that a company that is not in production has. And Coeur d’Alene Mines (NYSE:CDE) recently completed the purchase of Palmerejo for US$1.1 billion and paid $4.45 per ounce of silver (Ag-Eq oz). We believe a share price four times higher than the present will become reality one day.
Given the 4.45 benchmark for in ground silver; here are some numbers to think over given a number of variables. It shows the potential of our investment.
A
If GOG has 4.25 million silver equivalent ounces (1)
4.25 X 4.45 = 18,912,500
18,912,500/ 39,770,000 (2) = .475 per share
B
If GOG has 21.6 million silver equivalent ounces (3)
21.6 X 4.45 = 96,120,000
96,120,000/39,770,000 (2) = 2.41 per share
C1
If GOG has 173.5 million silver equivalent ounces (4)
173.5 X 4.45 = 772,075,000
772,075,000/39,770,000 (2) = 19.41 per share
C2
If GOG has 389.5 million silver equivalent ounces (5)
389.5 X 4.45 = 1,773,275,000
1,773,275,000/39,770,000 (2) = 43.58 per share
(1) Page one ECU/GOG- Micon NI 43-101 TECHNICAL REPORT
Measured & Indicated -Gold,Silver,Zinc,Lead
(2) Full diluted shares
(3) Page one ECU/GOG-Micon NI 43-101 TECHNICAL REPORT
Measured & Indicated & Inferred -Gold,Silver,Zinc,Lead
(4) Page one ECU/GOG-Micon NI 43-101 TECHNICAL REPORT
Mineral Potential Minimum -Gold,Silver,Lead, Zinc
(5) Page one ECU/GOG-Micon NI 43-101 TECHNICAL REPORT
Mineral Potential Maximum -Gold,Silver,Zinc,Lead
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