|
Category
|
Tonnes
|
Gold Grade
(g/t)
|
Silver Grade
(g/t)
|
Tons
|
Gold Grade
(oz/ton)
|
Silver Grade
(oz/ton)
|
Contained Gold
(ounces)
|
Contained Silver
(ounces)
|
Gold- Equivalent
(ounces)
|
|
Measured
|
55,000
|
34.3
|
757.6
|
61,000
|
1.00
|
22.1
|
60,700
|
1,339,700
|
81,300
|
|
Indicated
|
429,000
|
20.8
|
555.0
|
473,000
|
0.61
|
16.2
|
286,900
|
7,655,000
|
404,100
|
|
Measured and Indicated
|
484,000
|
22.3
|
578.0
|
534,000
|
0.65
|
16.9
|
347,600
|
8,994,700
|
485,400
|
|
Inferred
|
20,000
|
5.6
|
270.1
|
22,000
|
0.16
|
7.9
|
3,600
|
173,700
|
6,300
|
Joint venture with Silver Standard Resources, which currently owns a 55% interest and can increase this up to 80% by funding the project to production. Silver Standard is now the JV operator; Esperanza is fully carried.
Excellent grades of gold and silver.
How much of the companies valuation is attributable to this project....any guesses? Perhaps $30m?
I've held this company for a couple of years or more.
