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The Premier Gold Mines Ltd. website is at www.premiergoldmines.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts
More Information Links: Premier Gold Fair Market Share Price Estimate updated daily.
June 24, 2011: this report has been updated assuming the June 22, 2011 Goldstone acquisition is closed as announced.
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-06-24.
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$64.98 |
| Average Ore Value per Tonne | US$239.94 |
| Metal Value Leverage (MVL) | 10.92 |
| Market Capitalization as a Percentage of Metal Value | 9.2% |
| Recent Closing Stock Price | C$5.91 [note 1] |
| Fully Diluted Share Count | 130.45 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 60% |
| Percentage In Situ Inferred Resource | 40% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 4.91 M oz |
| Average Gold Ore Grade | 4.3 g/t |
| Market Capitalization per oz of Gold In Situ | US$158.04 ( C$156.97 ) |
| Gold Equivalent Ounces Estimate | 4.91 M oz |
| Market Capitalization per oz of Gold Equivalent | US$158.04 ( C$156.97 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count based on data in March 2011 Financial Statements plus the additional shares from the June 22, 2011 announced acquisition of Goldstone Resources.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | ||
|---|---|---|---|
| Total Counts (reserves + resources) | 4.91 M oz | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $64.98 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 60% | ||
| Metal Value Percentage Inferred | 40% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Hardrock | Ontario, Canada | $47.82 ( 73.6% ) | US$226.27 | 3.61 M oz | 0 | 69% | 31% |
| Brookbank | Ontario, Canada | $11.25 ( 17.3% ) | US$326.41 | 850.28 K oz | 0 | 51% | 49% |
| Rahill-Bonanza | Ontario, Canada | $5.91 ( 9.1% ) | US$236.38 | 446.76 K 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: TECHNICAL REPORT ON THE
BROOKBANK GOLD DEPOSIT,
BEARMORE-GERALDTON AREA,
NORTHERN ONTARIO, CANADA
2009-05-04 (146 pages).
Updates: Summary of Mineral Resources at 2.0 g/t Au Cut-off, webpage (viewed June 2011).
Project Location: Ontario, Canada.
Average Ore Value (all estimate types): US$326.41
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.71 | 431.92 K oz | 7.300 g/t | 1.84 M t |
Estimate notes:
2.0 g/t Au Cut=off, High Assays Un-cut.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.54 | 418.36 K oz | 4.900 g/t | 2.66 M t |
Estimate notes:
Latest NI43-101 Report: TECHNICAL REPORT
ON THE
UPDATED MINERAL RESOURCE ESTIMATE
FOR THE HARDROCK GOLD PROPERTY
GERALDTON, ONTARIO, CANADA
2011-04-05 (159 pages).
Updates: PREMIER GOLD REPORTS UPDATED NI 43-101 RESOURCE FOR HARDROCK PROJECT, April 6, 2011 News Release.
Project Location: Ontario, Canada. View the Hardrock project on a Google Map.
Average Ore Value (all estimate types): US$226.27
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $32.97 | 2.49 M oz | 3.732 g/t | 20.77 M t |
Estimate notes: See Table 1.3
Hardrock Project Mineral Resource Estimate on p. 18 of 159 of the technical report dated April 2011.
A total of 12 individual mineralized domains were identified and estimated using an average top cut of 48 g/t Au.
For a “potential open pit” mineral resource a cut-off grade of 0.83 g/t Au is based on a Whittle optimized pit shell
and a mining recovery of 100%. For potential underground mineral resources a cut-off grade of 2.80 g/t Au and an
assumed mining recovery of 100% outside of the potential open pit mining areas was used.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $14.85 | 1.12 M oz | 5.133 g/t | 6.80 M t |
Estimate notes:
Latest NI43-101 Report: Technical Report
On
Rahill-Bonanza Project,
Dome Township, Red Lake M. D., Ontario
For
Premier Gold Mines Limited
2008-03-28 (66 pages).
Project Location: Ontario, Canada. View the Rahill-Bonanza project on a Google Map.
Average Ore Value (all estimate types): US$236.38
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.91 | 446.76 K oz | 4.260 g/t | 6.66 M t |
Estimate notes: See Table 5 Inferred Resource Bonanza Deposit (2.0 g/t Au cut-off) on p. 40 of 66 in the NI 43-101 dated March 2008.
Resource quantities adjusted for ownership percentage of 49.0%.
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