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The Spanish Mountain Gold Ltd. website is at www.spanishmountaingold.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
More Information Links:
Spanish Mountain Gold Valuation updates the projected
fair market stock price daily based on the metrics in this report.
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-11-28.
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$49.01 |
| Average Ore Value per Tonne | US$23.15 |
| Metal Value Leverage (MVL) | 76.06 |
| Market Capitalization as a Percentage of Metal Value | 1.3% |
| Recent Closing Stock Price | C$0.64 [note 1] |
| Fully Diluted Share Count | 225.68 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 35% |
| Percentage In Situ Inferred Resource | 65% |
| Metric | Value on 2012-02-03 |
|---|---|
| Gold Reserves + Resources | 6.21 M oz |
| Average Gold Ore Grade | 0.4 g/t |
| Market Capitalization per oz of Gold In Situ | US$23.40 ( C$23.24 ) |
| Gold Equivalent Ounces Estimate | 6.41 M oz |
| Market Capitalization per oz of Gold Equivalent | US$22.69 ( C$22.54 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: September, 2011 financial statement.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | ||
|---|---|---|---|---|
| Total Counts (reserves + resources) | 6.21 M oz | 9.94 M oz | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | $33.63 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $47.53 | $1.48 | ||
| Percentage of Total Metal Value | 96.98% | 3.02% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 35% | 29% | ||
| Metal Value Percentage Inferred | 65% | 71% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|
| Spanish Mountain Gold | British Columbia, Canada | $49.01 ( 100.0% ) | US$23.15 | 6.21 M oz | 9.94 M oz | 0 | 35% | 65% |
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: NI 43-101 Technical Report -
Preliminary Economic Assessment
for the Spanish Mountain Project
2010-12-20 (366 pages).
Updates: Spanish Mountain Gold Announces Updated Resource Estimate: Increase Reported in all Categories, November 15, 2011 news release.
Project Location: British Columbia, Canada.
Average Ore Value (all estimate types): US$23.15
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $16.63 | 2.17 M oz | 0.490 g/t | 138.03 M t |
| Silver | $0.42 | 2.84 M oz | 0.640 g/t | 138.03 M t |
Estimate notes:
Cut-off 0.20 g/t Au
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $30.90 | 4.04 M oz | 0.370 g/t | 339.63 M t |
| Silver | $1.06 | 7.10 M oz | 0.650 g/t | 339.63 M t |
Estimate notes:
Cut-off 0.2 g/t Au.
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