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U.S. Silver Corporation is engaged in the production, exploration and development of silver resources in northern Idaho, United States. [Source: December 2010 MD&A Filing]
The U.S. Silver Corporation website is at www.us-silver.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
Forward Sale
On November 10, 2010 U.S. Silver entered into a forward sales agreement with Auramet Trading LLC for the sale of silver at a fixed price through 2011. U.S. Silver has secured a minimum price of silver at US$27.50 per ounce on 500,000 troy ounces, representing approximately 20% of the estimated 2011 production. [Source: December 2010 MD&A Filing]
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2012-02-06.
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 2012-05-17 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$27.16 |
| Average Ore Value per Tonne | US$637.64 |
| Metal Value Leverage (MVL) | 22.14 |
| Market Capitalization as a Percentage of Metal Value | 4.5% |
| Recent Closing Stock Price | C$1.25 [note 1] |
| Fully Diluted Share Count | 68.20 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 48% |
| Percentage In Situ Measured + Indicated Resource | 20% |
| Percentage In Situ Inferred Resource | 32% |
| Metric | Value on 2012-05-17 |
|---|---|
| Silver Reserves + Resources | 44.36 M oz |
| Average Silver Ore Grade | 474.9 g/t |
| Market Capitalization per oz of Silver In Situ | US$1.89 ( C$1.92 ) |
| Silver Equivalent Ounces Estimate | 66.02 M oz |
| Market Capitalization per oz of Silver Equivalent | US$1.27 ( C$1.29 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.981357 US$
Note 2: Fully diluted share count was taken from the Stock Info webpage, viewed online February 2012.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Silver | Copper | Lead | ||
|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 44.36 M oz | 15.33 K t | 254.09 K t | ||
| Metal Prices in US$ (from 2012-05-17) | $28.06 / oz | $3.49 / lb | $0.87480 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $18.25 | $1.73 | $7.19 | ||
| Percentage of Total Metal Value | 67.19% | 6.36% | 26.45% | ||
| Metal Value Percentage Proven + Probable | 49% | 50% | 45% | ||
| Metal Value Percentage Measured + Indicated | 20% | 16% | 20% | ||
| Metal Value Percentage Inferred | 31% | 34% | 35% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Silver | Copper | Lead | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| Galena | Idaho, USA | $27.16 ( 100.0% ) | US$637.64 | 44.36 M oz | 15.33 K t | 254.09 K t | 48% | 20% | 32% |
| Dayrock and Others | Idaho, USA | $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
The Company owns teh Dayrock mine and mill facility, as well as leases on the Gem State, Gold Creek and Silver Star mining properties. [Source: Dayrock & Other Silver Valley Properties webpage (viewed October 2010)]
Latest NI43-101 Report:
( pages).
Project Location: Idaho, USA.
The Galena Project is located in the Coeur d'Alene Mining District in Shoshone County, Idaho, a prolific silver-producing district of long standing. The mine project consists of the operating Galena mine with two shafts, the non-operating Coeur Mine with active haulage and hoisting, and an adjacent exploration property with one shaft, the Caladay property. Mills operate at the Galena and Coeur mines. The property covers 10,931 contiguous acres, over an area about 9 miles long east to west, and 2 miles wide north to south. The Galena Shaft is located near the center of the property with a collar elevation of 3,042 feet above sea level. [Source: April 2011 technical report]
Latest NI43-101 Report: TECHNICAL REPORT
GALENA MINE PROJECT
SHOSHONE COUNTY, IDAHO
2011-04-15 (113 pages).
Updates: Also see the Reserves and Resources webpage.
Project Location: Idaho, USA.
Average Ore Value (all estimate types): US$637.64
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $9.01 | 21.91 M oz | 464.914 g/t | 1.47 M t |
| Copper | $0.86 | 7.62 K t | 5,200.000 g/t | 1.47 M t |
| Lead | $3.23 | 114.18 K t | 77,900.000 g/t | 1.47 M t |
Estimate notes: See Table 1-1Proven and Probable Reserves by Ore Type - December 31, 2010 on p. 11 of 113 in the April 2011 technical report.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $3.60 | 8.74 M oz | 534.514 g/t | 508.57 K t |
| Copper | $0.28 | 2.49 K t | 4,900.000 g/t | 508.57 K t |
| Lead | $1.47 | 51.92 K t | 102,100.000 g/t | 508.57 K t |
Estimate notes: See Table 1-2 Measured and Indicated Resources by Ore Type - December 31, 2010 EXCLUSIVE OF RESERVES on p. 11 of 113 of the April 2011 technical report.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $5.64 | 13.71 M oz | 458.057 g/t | 931.04 K t |
| Copper | $0.59 | 5.21 K t | 5,600.000 g/t | 931.04 K t |
| Lead | $2.49 | 87.98 K t | 94,500.000 g/t | 931.04 K t |