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The Cream Minerals Ltd. website is at www.creamminerals.com.
Information Links: Yahoo News and Quotes | StockCharts
More Information Links: Canadian Insider Trading
The Nuevo Milenio mine is now shown as 100% Cream Minerals owned. The Roca Mines JV was terminated in 2010. [Source: September 2010 MD&A filing]
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-01-14.
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$9.34 |
| Average Ore Value per Tonne | US$363.50 |
| Metal Value Leverage (MVL) | 35.66 |
| Market Capitalization as a Percentage of Metal Value | 2.8% |
| Recent Closing Stock Price | C$0.26 [note 1] |
| Fully Diluted Share Count | 200.33 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 0% |
| Percentage In Situ Inferred Resource | 100% |
| Metric | Value on 2012-02-03 |
|---|---|
| Silver Reserves + Resources | 41.52 M oz |
| Average Silver Ore Grade | 251.0 g/t |
| Market Capitalization per oz of Silver In Situ | US$1.26 ( C$1.25 ) |
| Silver Equivalent Ounces Estimate | 55.61 M oz |
| Market Capitalization per oz of Silver Equivalent | US$0.94 ( C$0.94 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count taken from the Share Structure Web page (visited January 2011) plus the additional shares and warrants from the December 22, 2010 news release... more.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | ||
|---|---|---|---|---|
| Total Counts (reserves + resources) | 274.58 K oz | 41.52 M oz | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | $33.63 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $2.37 | $6.97 | ||
| Percentage of Total Metal Value | 25.34% | 74.66% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 0% | 0% | ||
| Metal Value Percentage Inferred | 100% | 100% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|
| Nuevo Milenio | Nayarit, Mexico | $9.34 ( 100.0% ) | US$363.50 | 274.58 K oz | 41.52 M oz | 0 | 0 | 100% |
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: REVISED EVALUATION REPORT DOS HORNOS AND VETA TOMAS GOLD - SILVER STRUCTURES NUEVO MILENIO PROJECT
2008-12-24 (119 pages).
Updates: Company news release Cream Minerals Announces Revised Inferred Mineral Resource Estimate At the Nuevo Milenio Silver - Gold Project, Mexico .
Project Location: Nayarit, Mexico in the Sierra Madre Occidental mining region. View project on a Google Map.
Average Ore Value (all estimate types): US$363.50
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $2.37 | 274.58 K oz | 1.660 g/t | 5.14 M t |
| Silver | $6.97 | 41.52 M oz | 251.000 g/t | 5.14 M t |
Estimate notes: See table Reported Inferred Mineral Resources revised to allow for present Gold and Silver Prices
See REVISED INFERRED MINERAL RESOURCES (Part of NI 43-101 compliant Mineral Resource above) on p. 7
of 119 in the (NI) 43-101 report dated December 24, 2008.
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