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The Arian Silver Corporation website is at www.ariansilver.com.
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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 2012-03-21.
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 2013-05-17 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$10.35 |
| Average Ore Value per Tonne | US$101.76 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 319.37 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 26% |
| Percentage In Situ Inferred Resource | 74% |
| Metric | Value on 2013-05-17 |
|---|---|
| Silver Reserves + Resources | 117.25 M oz |
| Average Silver Ore Grade | 112.2 g/t |
| Market Capitalization per oz of Silver In Situ | US$0.00 ( C$0.00 ) |
| Silver Equivalent Ounces Estimate | 149.04 M oz |
| Market Capitalization per oz of Silver Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.97165 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) | 117.25 M oz | 123.50 K t | 254.20 K t | ||
| Metal Prices in US$ (from 2013-05-17) | $22.19 / oz | $0.90860 / lb | $0.81700 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $8.15 | $0.77 | $1.43 | ||
| Percentage of Total Metal Value | 78.67% | 7.48% | 13.84% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 26% | 25% | 27% | ||
| Metal Value Percentage Inferred | 74% | 75% | 73% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Silver | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| San Jose | Zacatecas, Mexico | $10.35 ( 100.0% ) | US$101.76 | 117.25 M oz | 123.50 K t | 254.20 K t | 0 | 26% | 74% |
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
The San Jose property lies 55 kilometres to the southeast of Zacatecas City and covers 11 mining concessions totalling approximately 6,300ha. The property has significant infrastructure, including a 4 x 4 metre main haulage ramp, which extends for nearly 3.2km along the footwall of the San Jose Vein system, and a 350m deep, 500 tonne per day, vertical shaft with operational hoist. In addition, a number of shallower vertical shafts are located in a westerly direction along the SJV. [Source: March 31, 2011 MD&A]
Latest NI43-101 Report: Resource Estimate 43-101 Technical Report
San Jose Project, Zacatecas, Mexico
2011-08-18 (196 pages).
Project Location: Zacatecas, Mexico. View San Jose project on a Google Map.
Average Ore Value (all estimate types): US$101.76
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $2.13 | 30.61 M oz | 119.000 g/t | 8.00 M t |
| Lead | $0.19 | 30.40 K t | 3,800.000 g/t | 8.00 M t |
| Zinc | $0.38 | 68.00 K t | 8,500.000 g/t | 8.00 M t |
Estimate notes: Table 28. San Jose Deposit – total resource estimate figures by domain on p. 106 of 217 in the August, 2011 technical report.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $6.02 | 86.65 M oz | 110.000 g/t | 24.50 M t |
| Lead | $0.58 | 93.10 K t | 3,800.000 g/t | 24.50 M t |
| Zinc | $1.05 | 186.20 K t | 7,600.000 g/t | 24.50 M t |