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Plato Gold Corp is a Canadian gold exploration company focused on prospective properties in recognized gold mining districts around the world including Northern Ontario, Northern Quebec and Santa Cruz, Argentina. [Source: MD&A June 2010]
The Plato Gold Corp. website is at www.platogold.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts
As of Q3, 2010, Plato Gold management is estimated to own approximately 25% of the company.
A Plato Gold Valuation blog is now available (and update daily with closing market prices).
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-09-06.
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$1.90 |
| Average Ore Value per Tonne | US$227.70 |
| Metal Value Leverage (MVL) | 75.54 |
| Market Capitalization as a Percentage of Metal Value | 1.3% |
| Recent Closing Stock Price | C$0.025 [note 1] |
| Fully Diluted Share Count | 160.18 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 17% |
| Percentage In Situ Inferred Resource | 83% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 176.48 K oz |
| Average Gold Ore Grade | 4.1 g/t |
| Market Capitalization per oz of Gold In Situ | US$22.85 ( C$22.69 ) |
| Gold Equivalent Ounces Estimate | 176.48 K oz |
| Market Capitalization per oz of Gold Equivalent | US$22.85 ( C$22.69 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count taken from Plato Gold Corp, Investor Relations web page (viewed September 2010).
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) | 176.48 K 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 | $1.90 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 17% | ||
| Metal Value Percentage Inferred | 83% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Nordeau | Quebec, Canada | $1.90 ( 100.0% ) | US$227.70 | 176.48 K oz | 0 | 17% | 83% |
| Lolita | Santa Cruz, Argentina | $0.00 ( 0.0% ) | 0 | 0 | 0 | ||
| Timmins Gold | Ontario, Canada | $0.00 ( 0.0% ) | 0 | 0 | 0 |
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
Plato Gold holds a majority interest in over 29,000 hectares of strategically located cateos in Santa Cruz, Argentina. The Lolita property is located in the prolific Deseado Massif mining area with several projects adjacent and nearby to the Plato property.
The property is adjacent to a gravel provincial highway and is traversed by numerous local dirt roads joining sheep ranches. These sheep ranches are inactive and with no livestock, and the area is largely uninhabited. [Source: June 2010 MD&A and the company website]
Latest NI43-101 Report:
(0 pages).
Project Location: Santa Cruz, Argentina.
The Nordeau properties include Nordeau West, Nordeau East, Bateman West and Bateman East properties and consist of four separate but closely related claim groups with respect to their physical location, host rock, and mineralization style. The combined 44 claims cover an area of approximately 660.9 hectares in the southeast part of Vauquelin Township, at the eastern end of the Val-d'Or gold mining camp, some 50 km east of the town of Val-d’Or, Quebec.
The resource counts report here are from Nordeau West property which covers an 800m strike length of the favourable structure hosting mineralization. One kilometre further to the east, the Nordeau East property covers over 2.5km of the same structure. The Bateman Properties are located further east from Nordeau East along the favourable structure.
The Norbeau East deposit has a probable historic reserve of 162,200 tonnes at 6.7 g/t and a possible historic reserve of 183,700 tonnes at 6.0 g/t Au. Historic estimates are not included in this report.
[Source: Technical Report, Nordeau Gold Mineral Properties, Val-d'Or, Quebec, March 2009, p. 9 and p. 15 of 716]
Latest NI43-101 Report: TECHNICAL REPORT NORDEAU Gold Mineral Properties Val-d'Or, Québec NTS 32-C/03
2009-03-01 (716 pages).
Project Location: Quebec, Canada. View project on a Google Map.
Average Ore Value (all estimate types): US$227.70
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.33 | 30.21 K oz | 4.170 g/t | 225.34 K t |
Estimate notes: See summary table on p. 7 of 716 in the NI 43-101 report dated March 2009.
cutOffNotes
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.58 | 146.27 K oz | 4.090 g/t | 1.11 M t |
Estimate notes: See indicated note.
The Timmins Gold Project in Northern Ontario consists of five properties Guibord, Harker, Harker- Garrison, Holloway and Marriott in what is sometimes referred to as the Harker/Holloway gold camp located east of Timmins.
The Brigus Gold (formerly Apollo) Black Fox project is located on the former Glimmer gold mine and is located on strike 5km northwest of Plato's Guibord property. The historic Ross Mine, which produced over one million ounces of gold, is located less than 3km south of Plato's Guibard property. An adjacent property, Hislop East holds the former gold producer Kelore Mine.
In the region, St. Andrew Goldfields has recently announced a positive decision to commence production at the Holloway/Holt McDermott mine site near Plato's Harker and Holloway properties. As well, St. Andrew has announced gold discoveries adjacent to the Plato's Holloway property and our Guibord property. [Source: June 2010 MD&A]
Latest NI43-101 Report:
(0 pages).
Project Location: Ontario, Canada.
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