Free
Message: Nolan Value Spreadsheet
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Nolan Value Spreadsheet

posted on Feb 15, 2010 09:46AM

Scroll to right, hopefully this is readable. Note this is based on 250 tons per day, and is only showing what has already been discovered. Looking at the 2010 data for Probable Reserves only, we could deplete this resource in 170 mining days at 250 tpd (or 170 tpd for 250 days, same result). This alone is worth a SP of 39 cents assuming further drilling brought proof of future tonnage at similar grades (which I fully expect).

Reserve Category Quantity Ore (tons) % Sb Metal (tons Sb) @95% Recovery Value/Ton Sb Grade (Toz Au/ton) Metal (Toz Au) @ 90% Recovery Value/Toz Au Total Value Sb Total Value Au Grand Total Gross Value Mining Days @250 tpd Net Value @ 60% Value per Share (@1.9B Shares) Potential SP @ P/E =15
1/1/2009, Probable 42,412.0 28.00% 11,281.3 $4,950 0.408 15,570.0 $750 $55,842,188 $11,677,500 $67,519,688 170 $40,511,813 $0.021 $0.32
1/1/2009 Inferred 24,077.0 12.45% 2,847.7 $4,950 0.245 5,305.2 $750 $14,096,214 $3,978,923 $18,075,137 96 $10,845,082 $0.006 $0.09
Total, Jan 2009 66,489.0 14,129.0 0.31 20,875.2 $69,938,402 $15,656,423 $85,594,824 266 $51,356,894 $0.027 $0.41
1/7/2010, Probable 42,412.0 28.00% 11281.6 $6,000 0.408 15573.7 $900 $67,689,552 $14,016,318 $81,705,870 170 $49,023,522 $0.026 $0.39
1/7/2010, Indicated 12,039.0 20.02% 2289.7 $6,000 0.236 2557.1 $900 $13,738,184 $2,301,375 $16,039,560 48 $9,623,736 $0.005 $0.08
1/7/2010, Inferred 34,206.0 14.92% 4848.4 $6,000 0.357 10990.4 $900 $29,090,151 $9,891,349 $38,981,500 137 $23,388,900 $0.012 $0.18
Total Jan, 2010 88,657.0 18,419.6 0.33 29,121.2 $110,517,887 $26,209,042 $136,726,929 355 $82,036,157 $0.043 $0.65
2009/2010 Difference 22,168.0 4,290.7 8,245.9 $40,579,486 $10,552,620 $51,132,105 $30,679,263 $0.24
4 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply