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The Arian Silver Corporation website is at www.ariansilver.com.
Information Links: Yahoo News and Quotes | MB | StockCharts | Canadian Insider Trading
More Information Links: Active Investor Message Board |
Arian Silver Valuation Blog (updated daily)
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-07-22.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$11.25 |
| Average Ore Value per Tonne | US$143.76 |
| Metal Value Leverage (MVL) | 29.03 |
| Market Capitalization as a Percentage of Metal Value | 3.4% |
| Recent Closing Stock Price | C$0.385 [note 1] |
| Fully Diluted Share Count | 319.37 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 34% |
| Percentage In Situ Inferred Resource | 66% |
| Metric | Value on 2012-02-03 |
|---|---|
| Silver Reserves + Resources | 88.58 M oz |
| Average Silver Ore Grade | 110.2 g/t |
| Market Capitalization per oz of Silver In Situ | US$1.40 ( C$1.39 ) |
| Silver Equivalent Ounces Estimate | 106.87 M oz |
| Market Capitalization per oz of Silver Equivalent | US$1.16 ( C$1.15 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count estimated from Arian Silver Website and confirmed from a June 2010 corporate presentation (viewed July 2011).
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Silver | Lead | Zinc | ||
|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 88.58 M oz | 94.90 K t | 190.20 K t | ||
| Metal Prices in US$ (from 2012-02-03) | $33.63 / oz | $1.00640 / lb | $0.96490 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $9.33 | $0.66 | $1.27 | ||
| Percentage of Total Metal Value | 82.88% | 5.86% | 11.26% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 34% | 34% | 30% | ||
| Metal Value Percentage Inferred | 66% | 66% | 70% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Silver | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| San Jose | Zacatecas, Mexico | $11.25 ( 100.0% ) | US$143.76 | 88.58 M oz | 94.90 K t | 190.20 K t | 0 | 34% | 66% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Latest NI43-101 Report: RESOURCE ESTIMATION UPDATE FOR THE SAN JOSE SILVER-LEAD-ZINC DEPOSIT, ZACATECAS, MEXICO
2008-08-15 (196 pages).
Updates: Arian Silver Announces Significant Increase in Mineral Resources at San Jose
Project Location: Zacatecas, Mexico. View San Jose project on a Google Map.
Average Ore Value (all estimate types): US$143.76
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $3.17 | 30.09 M oz | 117.000 g/t | 8.00 M t |
| Lead | $0.22 | 32.00 K t | 4,000.000 g/t | 8.00 M t |
| Zinc | $0.38 | 57.60 K t | 7,200.000 g/t | 8.00 M t |
Estimate notes: See July 20, 2011 news release
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $6.16 | 58.48 M oz | 107.000 g/t | 17.00 M t |
| Lead | $0.44 | 62.90 K t | 3,700.000 g/t | 17.00 M t |
| Zinc | $0.88 | 132.60 K t | 7,800.000 g/t | 17.00 M t |
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