AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Message: Silveria Dream Index (Grenville Gold)

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

I_luv_GVG

Rank: [?]

President

Points: [?]

7299

Rating: [?]

Votes: 11 Score: 3.2

Currently 3.3/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Silveria Dream Index (Grenville Gold)

posted on Jan 12, 08 01:38PM

Grenville Gold’s (TSX-V, GVG) Silveria mining project unites for the first time
four past-producing mines (silver, gold, copper-lead-zinc was
produced): Pacococha, Millotingo, Silveria and Germania. On or before
November 30, 2008, Grenville will very likely own 50% of Silveria and
maintain this percentage ownership (Journey Resources would own the
other half). The following is in reference to my $2 Billion Potential
Target for Silveria I_Luv blog post: An update to Silveria's high grade
ore prices...

High Grade Ore

A. Conservative ore grading (conceptual target). B. 1991 Pacococha production grade. C. 1991 commercial ore reserves. D. 1991 Pacococha uncommercial ore grade. E. 2007 average sample ore grade.

1. Resource prices (15/12/2007):

$793.10 /oz Au, $13.81 /oz Ag, $2.91 /lb Cu, $1.12 /lb Pb and $1.05 /lb Zn.

2. Resource prices (12/01/2008):

$894.90 /oz Au, $16.23 /oz Ag, $3.31 /lb Cu, $1.57 /lb Pb and $1.07 /lb Zn.

A. 4 oz Ag, 1% Cu, 2.5% Zn = $177.27/t (A1) = $196.87/t (A2) = A2/A1 +11%

B. 3.61 oz Ag, 1.7% Cu, 0.76% Pb, 3.08% Zn = $248.98/t (B1) = $281.61/t (B2) = B2/B1 +13%

C. 4.49 oz Ag, 1.75% Cu, 1.47% Pb, 4.13% Zn = $306.18/t (C1) = $348.88/t (C2) = C2/C1 +14%

D. 2.58 oz Ag, 0.54% Cu, 1% Pb, 4.4% Zn = $196.82/t (D1)= $219.69/t (D2) = D2/D1 +12%

E. 0.409 gr. Au, 212 gr. Ag, 0.693% Cu, 1.83% Pb, 5.43% Zn = $319.90/t (E1) = $364.39/t (E2) = E2/E1 +14%

For Cash Flow I will use $200 per ton based on previous information and low production costs (US$45/t milled - 43-101).

Grenville Gold projected 4th quarter of 2008 : Plans to extract 500 t/ day (I contend 50% Silveria ownership).

500 tons/day * 300 days * $200/t *0.5 = $15,000,000

Conservative P/E of 6 * $30,000,000 *0.5 = $90,000,000 market cap

Conservative P/E of 8 * $30,000,000 = *0.5 = $120,000,000 market cap

Company Share Structure (from Corporate Presentation, 20/12/2007)

Issued and Outstanding: 30.2 mil

Warrants: 4.1 mil

Options: 2.4 mil

Fully Diluted: 36.7 mil

Current $10,276,000 market cap on a fully diluted basis ($0.28 * 36,700,000).

You fill in the blanks.

___

$2 Billion Potential Target for Silveria:

http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=1038&postID=45106

Disclaimer: do your due diligence

I_Luv_GVG