GoldMinerPulse Report: Arian Silver Corporation Metal Value



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Arian Silver Corporation (AGQ) NI 43-101 Metal Value Report

The Arian Silver Corporation website is at www.ariansilver.com.

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Arian Silver Valuation Blog (updated daily)

GoldMinerPulse Metrics Summary

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.

Arian Silver Corporation Metric Summary
General MetricValue on 2012-02-03
In Situ Metal Value per Share (MVpSh)US$11.25
Average Ore Value per TonneUS$143.76
Metal Value Leverage (MVL)29.03
Market Capitalization as a Percentage of Metal Value3.4%
Recent Closing Stock PriceC$0.385
[note 1]
Fully Diluted Share Count319.37 M
[note 2]
Percentage In Situ Proven + Probable Reserve0%
Percentage In Situ Measured + Indicated Resource34%
Percentage In Situ Inferred Resource66%
Silver Specific Metrics
MetricValue on 2012-02-03
Silver Reserves + Resources88.58 M oz
Average Silver Ore Grade110.2 g/t
Market Capitalization per oz of Silver In SituUS$1.40
( C$1.39 )
Silver Equivalent Ounces Estimate106.87 M oz
Market Capitalization per oz of Silver EquivalentUS$1.16
( C$1.15 )
 

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE)

All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.

Metal Summary Based on Closing Prices on 2012-02-03
Metric / MetalSilverLeadZinc
Total Counts (reserves + resources)88.58 M oz94.90 K t190.20 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 Value82.88%5.86%11.26%
Metal Value Percentage Proven + Probable0%0%0%
Metal Value Percentage Measured + Indicated34%34%30%
Metal Value Percentage Inferred66%66%70%

The above metal value totals derive from the following projects.

Project/Deposit/Mine Summary Based on Closing Prices on 2012-02-03
Project Location Metal Value per
share (% total)
Average
Ore Value
US$/t
SilverLeadZincPP%MI%I%
San JoseZacatecas, Mexico$11.25 ( 100.0% )US$143.7688.58 M oz94.90 K t190.20 K t034%66%

 

San Jose

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

MetalMVpShContained Metal QuantityOre GradeOre Quantity
Silver$3.1730.09 M oz117.000 g/t8.00 M t
Lead$0.2232.00 K t  4,000.000 g/t8.00 M t
Zinc$0.3857.60 K t  7,200.000 g/t8.00 M t

Estimate notes: See July 20, 2011 news release

Inferred

MetalMVpShContained Metal QuantityOre GradeOre Quantity
Silver$6.1658.48 M oz107.000 g/t17.00 M t
Lead$0.4462.90 K t  3,700.000 g/t17.00 M t
Zinc$0.88132.60 K t  7,800.000 g/t17.00 M t
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