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The Mines Management Inc. website is at www.minesmanagement.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts
More Information Links: Knobias
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-03-21.
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 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$457.48 |
| Average Ore Value per Tonne | US$136.79 |
| Metal Value Leverage (MVL) | 220.57 |
| Market Capitalization as a Percentage of Metal Value | 0.5% |
| Recent Closing Stock Price | C$2.06 [note 1] |
| Fully Diluted Share Count | 31.62 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 72% |
| Percentage In Situ Inferred Resource | 28% |
| Metric | Value on 2012-02-03 |
|---|---|
| Silver Reserves + Resources | 231.16 M oz |
| Average Silver Ore Grade | 68.0 g/t |
| Market Capitalization per oz of Silver In Situ | US$0.28 ( C$0.28 ) |
| Silver Equivalent Ounces Estimate | 430.20 M oz |
| Market Capitalization per oz of Silver Equivalent | US$0.15 ( C$0.15 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count is from Mines Management Stock Information web page (viewed March 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 | Copper | ||
|---|---|---|---|---|
| Total Counts (reserves + resources) | 231.16 M oz | 780.51 K t | ||
| Metal Prices in US$ (from 2012-02-03) | $33.63 / oz | $3.89 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $245.82 | $211.66 | ||
| Percentage of Total Metal Value | 53.73% | 46.27% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 72% | 71% | ||
| Metal Value Percentage Inferred | 28% | 29% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Silver | Copper | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|
| Montanore | Montana, USA | $457.48 ( 100.0% ) | US$136.79 | 231.16 M oz | 780.51 K t | 0 | 72% | 28% |
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: Technical Report Preliminary Economic Assessment Montanore Project
2011-02-03 (189 pages).
Project Location: Montana, USA. Mines Management Inc.,Montanore project on a Google Map.
Average Ore Value (all estimate types): US$136.79
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $176.81 | 166.27 M oz | 69.940 g/t | 73.94 M t |
| Copper | $150.38 | 554.56 K t | 7,500.000 g/t | 73.94 M t |
Estimate notes: See Table 1.1 Montanore Silver and Copper Resource Summary on p. 10 of 151 in the NI 43-101 dated October 2005.
Cutoff 1 oz Ag/t
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $69.01 | 64.90 M oz | 63.430 g/t | 31.82 M t |
| Copper | $61.27 | 225.95 K t | 7,100.000 g/t | 31.82 M t |
Estimate notes: See notes for Measured + Indicated.
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