GoldMinerPulse Report on Minco Silver Corporation: (NI) 43-101 Metal Valuation Report

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Minco Silver Corporation (MSV)

Company Web Site: www.mincosilver.ca

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-04-14. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse  |  Canadian Insider Trading

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverLeadZinc
    FuwanCN$73.7734%24%42%191.83 K oz    157.31 M oz    62.46 K t    174.14 K t    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / MetalGoldSilverLeadZinc
    Metal Totals191.83 K oz    157.31 M oz    62.46 K t    174.14 K t    
    Metal Prices in US$ (from 2010-09-02)$1,251.30 per oz    $19.69 per oz    $0.96240 per lb    $0.94810 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$4.62    $59.60    $2.55    $7.00    
    Percentage of Total Metal Value6.26%    80.79%    3.46%    9.49%    
    PP% | MI% | I%23% | 27% | 50%    35% | 24% | 40%    29% | 22% | 49%    30% | 23% | 48%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)   US$73.77
    Average Ore Value per Tonne   US$140.62
    Metal Value Leverage (MVL)    22.72
    Market Capitalization as % of Metal Value   4.4%
    Recent Stock Price   C$3.42   (TSX/TSXV close on 2010-09-02.)
  Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count   51.97 M    ( Fully diluted share count is from the Minco Silver Corporation, Share Structure web page viewed April 2010 plus the additional shares and warrants announced in April 14, 2010 Minco Silver Closes $3,372,975 in a Non-Brokered Private Placement. )
    PP% | MI% | I%   34% | 24% | 42%
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade   179.5 g/t
    Market Capitalization
    per oz of Silver In Ground
   $1.07   US$  |   1.13   C$
    Silver Eq Oz Estimate   194.71 M oz   ( 157.31 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent
   $0.87   US$  |   0.91   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Sunshine Mine Lease    -    September 1, 2009, Minco Silver Announces Court Decision on the Amount to Cure the Sunshine Mine Lease.

This final ruling from the Court puts an end to the controversy surrounding the Sunshine Mine Lease between Sterling Mining Company and Sunshine Precious Metals Inc.. As a result, Sterling regained control and possession of the Sunshine Mine on August 19, 2009. Minco Silver is working closely with Sterling in the care and maintenance of the Sunshine Mine and dewatering of the mine is expected to commence shortly.

Note: The 23M oz Proven + Probable silver; 31M oz of Measured + Indicated silver; and 231M oz of Inferred silver in the Sunshine mine are not currently part of this report but well be added once details on Minco Silver's take over are complete. 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Minco Silver Corporation is complete pending a final internal review.


Fuwan    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT AND UPDATED RESOURCE ESTIMATE ON THE FUWAN PROPERTY GUANGDONG PROVINCE, CHINA
Date: 2008-01-25 (106 pages)

Updates: Fuwam Property Reserve/Resource Statement (viewed April 2010).

Project Location: Guangdong, China  /  Mining Region: Fuwan Silver Belt

Map View: View the Fuwan property on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.06    43.97 K oz     0.150 g/t     9.12 M t    
   Silver$20.99    55.41 M oz     189.000 g/t     9.12 M t    
   Lead$0.74    18.24 K t       2,000.000 g/t     9.12 M t    
   Zinc$2.09    51.97 K t       5,700.000 g/t     9.12 M t    
Estimate notes: Fuwan Permit: Minco Silver, Resource Estimate, web page viewed April 2010.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.64    26.40 K oz     0.170 g/t     4.83 M t    
   Silver$11.06    29.19 M oz     188.000 g/t     4.83 M t    
   Lead$0.39    9.66 K t       2,000.000 g/t     4.83 M t    
   Zinc$1.09    27.05 K t       5,600.000 g/t     4.83 M t    
Estimate notes: See Probable note, Fuwan permits.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.63    26.07 K oz     0.400 g/t     3.97 M t    
   Silver$3.51    9.25 M oz     142.000 g/t     3.97 M t    
   Lead$0.17    4.05 K t       2,000.000 g/t     3.97 M t    
   Zinc$0.50    12.36 K t       6,100.000 g/t     3.97 M t    
Estimate notes: See Probable note, Changkeng permits.
Resource quantities adjusted for ownership percentage of 51.0%.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.06    85.61 K oz     0.260 g/t     10.24 M t    
   Silver$21.33    56.30 M oz     171.000 g/t     10.24 M t    
   Lead$1.09    26.63 K t       2,600.000 g/t     10.24 M t    
   Zinc$2.97    73.74 K t       7,200.000 g/t     10.24 M t    
Estimate notes: See Probable note, Fuwan permit.
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.24    9.78 K oz     0.290 g/t     1.05 M t    
   Silver$2.71    7.15 M oz     212.000 g/t     1.05 M t    
   Lead$0.16    3.88 K t       3,700.000 g/t     1.05 M t    
   Zinc$0.36    9.02 K t       8,600.000 g/t     1.05 M t    
Estimate notes: See Probable note, Changkeng permits.

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