Company Web Site: www.orkosilver.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-10-17. 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  |  StockCharts  |  StockHouse

More External Links: Knobias  |  Pan American Silver, La Preciosa JV Partner  |  Canadian Insider Trading  |  Candlestick Analysis  |  

Estimating Orko Silver Fair Market Valuation   |  

Orko Silver FAQ (October 2009)

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%	Gold	Silver
La Preciosa	MX	$9.87	0	47%	53%	85.27 K oz	60.82 M oz
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal						Gold	Silver
Metal Totals						85.27 K oz	60.82 M oz
Metal Prices in US$ (from 2010-09-02)						$1,251.30 per oz	$19.69 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)						$0.81	$9.06
Percentage of Total Metal Value						8.18%	91.82%
PP% | MI% | I%						0 | 49% | 51%	0 | 47% | 53%
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
Metal Value per Share (MVpSh)						US$9.87
Average Ore Value per Tonne						US$127.55
Metal Value Leverage (MVL)						5.94
Market Capitalization as % of Metal Value						16.8%
Recent Stock Price						C$1.75   (TSX/TSXV close on 2010-09-02.)   Conversion rate used: 1 Cnd$ = 0.949244 US$ )
Fully Diluted Share Count						132.12 M    ( Fully diluted share count is from slide 3 of 31 in the company's May 2009 Presentation (viewed October 2009). )
PP% | MI% | I%						0 | 47% | 53%
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade						185 g/t
Market Capitalization     per oz of Silver In Ground						$3.61   US$  |   3.80   C$
Silver Eq Oz Estimate						66.24 M oz   ( 60.82 M oz are in ground)
Market Capitalization     per oz of Silver Equilavent						$3.31   US$  |   3.49   C$
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Orko Silver Corp and Pan American Silver Joint Venture

The valuations of Orko Silver and Pan American Silver are prepared anticipating that the joint venture is completed. The Pan American Silver Deal, slide 22 of 31, Orko Presentation May 2009:

On April 14, 2009 Orko Silver and Pan American Silver Corp. jointly announce the formation of a Joint Venture (JV) to jointly announce the formation of a Joint Venture (JV) to advance the La Preciosa project into production

Pan American and Orko have agreed to form a joint venture to develop the La Preciosa project. Pan American will contribute its demonstrated mine development expertise, as well as 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest in the joint venture, while Orko will contribute its exploration expertise and the La Preciosa project and related concessions to retain a 45% interest. [emphasis added]

Over the next 36 months, Pan American has agreed to spend an estimated US$16 million at La Preciosa to conduct resource definition drilling, acquire necessary surface rights, obtain permits, and ultimately prepare and deliver a feasibility study to maintain its interest in the Joint Venture. Furthermore, Pan American has agreed to spend a minimum of US$5.0 million in the first 12 months of the development program to maintain its interest in the Joint Venture, of which a minimum of US$2.5 million will be spent to continue to explore the highly prospective land package that Orko is contributing to the Joint Venture. [emphasis added]  

Orko Silver Corp Peer Group Comparison    -   Orko Silver Corp.'s presentation (Oct 1/08).

Slide 18 of 25 lists Endeavour Silver (EDR), MAG Silver (MAG), Scorpio Mining (SPM), Great Panther and Fortuna Silver (FVI) as a peer group for comparisons.

Orko Silver Corp. and peer group 

GoldMinerPulse Coverage Status:

• GoldMinerPulse coverage of Orko Silver Corp. is complete pending a final internal review.