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Message: Silveria Dream Index (Grenville Gold)

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I_luv_GVG

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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