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The abbreviation for the Canadian dollar. GoldMinerPulse uses a recent Canadian dollar to
US$ rate and updates the rate used when updating closing share price.
The conversion rate in effect for the 2013-May-21 metrics update was C$ 1.00 equals 0.974026 $US.
See xe for currency conversion quotes.
(cd)
NI 43-101 compliant reports and news releases classify reserves and resources according to the following categories:
For more on mineral classifications and other standards of disclosure for mineral projects prescribed by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) at All About National Instrument (NI) 43-101. (clss)
Share prices listed at GoldMinerPulse, based on the free quotes available at Yahoo!Finance, are updated after the close of the Canadian Stock markets (typically between 4:30 PM and 7PM ET). We use only the closing bid to calculate the GoldMinerPulse Metal Value Leverage, Market Cap. as % of Gold (Silver), and Market Cap. as % of Gold (Silver) Eq. metrics. The closing share price, currently in use at www.goldminerpulse.com are from 2013-May-21. (csp)
GoldMinerPulse uses English country names and code elements (ISO 3166-1-alpha-2) to show a project's country when GoldMinerPulse displays a list of mines. The country in which a mine is located is important in assessing the value of a mine. For example, a mine in Venezuela is worth much less than a similar mine located in Canada. (cc)
The GoldMinerPulse count of fully diluted share count (see definition at Forbes' investopedia) assumes that all potentially dilutive securities, that could impact the company's share count, have been exercise. GoldMinerPulse includes full documentation of the source for each fully diluted share count we provide. (fdsc)
GoldMinerPulse computes Gold Equivalent as the value of the company's gold, silver, and other metals from all (NI) 43-101 reserve/resource classifications divided by the price of gold. All calculations are done using recent Metal Prices. Gold Equivalent is always shown with a corresponding PP%, MI% and I% break down of the reserve/resource classifications. Charts of recent metal prices are provided here. GoldMinerPulse always lists the metal prices in our per company reports when we show Gold Eq.. (aueq)
I% denotes the percentage of value derived from Inferred resources. An Inferred resource is a (NI) 43-101 classification. See MORE below. (infpct)
The actual metal quantities computed from the ore tonne (e.g. 1 Mt at xxx cut-off) and metal grade (gold at 10 g/t) defined as resources (I% + MI%) and reserves (PP%) in the company's NI 43-101 reports and disclosures. (igm)
International pound is the mass unit for copper, lead, molybdenym and zinc pricing in quotes reported as US$ per lb. GoldMinerPulse uses 453.59237 grams per pound for conversions. See the definition for Mass Unit below. (ipnd)
All lb references on GoldMinerPulse Web pages are to international pounds. See the definition of international pounds above.
Metal Value Leverage (MVL) is a GoldMinerPulse metric representing a mining company's Metal Value per Share (RVpSh) divided by the closing share price listed a Canadian stock exchange.
The Metal Value Leverage (MVL) of a company is also equal to the ratio of the price of gold divided by the companies market capitalization per ounce of gold equivalent. Equivalently, the MVL of a company is also equal to the ratio of the price of silver divided by the companies market capitalization per ounce of silver equivalent.
The Metal Value Leverage for a given company tends to drop with rising metal prices and increase with falling metal prices. (lvrg)
GoldMinerPulse index page and other list pages typically include a table or rows and columns where each company included is assigned a row and where each column provides additional information the companies. Typically these views include a Links column to present links to other Web pages with information about the related company. To save space, the following abbreviations are used:
Market capitalization represents the public consensus on the value of a company's equity. GoldMinerPulse computes market capitalization as the product of the Fully Diluted Share Count and the Closing Share Price. See Wikipedia for more on market capitalization. (mcap)
Market Cap. expressed as a percentage of the Metal Value is also equal to the inverse of the Metal Value Leverage as a percentage. When the Market Capitalization is only a small percentage of Metal Value, then there are more opportunities for stock price appreciation. Alternatively, when the Market Capitalization is approaching the Metal Value then stock price tend to vary with metal prices. (mcpcmv)
Market Capitalization per oz of Gold (or Silver) is computed as the ratio of Market Capitalization divided by the oz of MORE Gold (or MORE Silver) quantified by the company's NI 43-101 reports. (mcpoz)
Market Cap. per oz of Gold (or Silver) is computed as the ratio of Market Capitalization divided by the oz of Gold Eq. (or Silver Eq.) quantified by the company's NI 43-101 reports or disclosurers. (mcpozeq)
GoldMinerPulse reports gold and silver in troy ounces, the same mass unit used in spot market pricing, typically US$ per troy ounce. Other metals GoldMinerPulse tracks are reported in tonnes. See Conversion of units at Wikipedia for more on mass conversions and more definitions. See also troy ounce below. (mu)
GoldMinerPulse is focused primarily on the precious metals, gold and silver, in amounts defined in one or more NI 43-101 Technical Reports as mineral resources or reserves according to the meaning of those terms as prescribed by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). See All About National Instrument NI 43-101. If a mining company of interest has a mineral resource/reserve containing gold and/or silver, GoldMinerPulse also tracks copper, lead, moybdeynm, zinc and other metals, as presented in the technical reports documenting the gold and silver resources/reserves. (metal)
Metal Equivalent is computed as the value of all In Ground Metals, valued at spot market prices, divided by the spot market price of gold for the Gold Metal Equivalent. For Silver Metal Equivalent, the value of In Ground Metals, valued at spot market prices, is divided by the spot market price of silver. (me)
GoldMinerPulse uses spot market metal prices to calculate our GoldMinerPulse Metal Value per Share (RVpSh). See below for MVpSh definition. Bid quotes (see definition of Price Mechanism at Wipipedia) may be from the following sources:
GoldMinerPulse updates spot market prices using the last bid quotes available when we update Closing Share Price. See above for definition. (mp)
See Leverage above.
Metal Value per Share (RVpSh) is a GoldMinerPulse metric representing spot market value of the Most Optimistic Resource Estimate (MORE) of the metal(s) contained in a company's resources/reserves divided by the fully diluted count of the company's shares. See definitions of Fully Diluted Shares and MORE above. (mvpsh)
GoldMinerPulse will create a listing for a mining company to be included in the GoldMinerPulse Index if the mining company:
MI% denotes the percentage of value derived from Measured + Indicated resources. Measured + Indicated resource is a NI 43-101 classification. See MORE below. (mipc)
Most Optimistic Resource Estimate (MORE) is a GoldMinerPulse metric bounding the in ground metals contained in the company's NI 43-101-compliant mineral reserve(s)/resource(s). MORE is determined from the company's largest listed NI 43-101-compliant estimate of gold, silver, copper, lead, molybdenum, and zinc contained in the following mineral classifications:
For more on mineral classifications and other standards of disclosure for mineral projects prescribed by the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM) at
All About National
Instrument 43-101.
Note: GoldMinerPulse always shows the percentage metal value from each mineral classification
when showing our MORE metric. The MORE metric does not consider
smelting or extraction losses and should be viewed as a theoritical upper bound on the metal mass that can be extracted from
the ore classifications listed in a NI 43-101 report.
(more)
NI 43-101 is a mineral resource classification and is a national instrument for the Standards of Disclosure for Minearl Projects with the Canadian Securities Administratiors. Please see About NI 43-101 for a more extensive description. (ni43)
A metric computed as the metal value of the Most Optimistic Resource Estimate (MORE) valued at the most recent closing market spot metal prices divided by the total tonnes of Proven + Probable reserves plus Measured + Indicated and Inferred resources (Measured + Indicated are always exclusive of Proven + Proable) that contained the MORE. Please see Valuation Exceptions for further discussion on valuation considerations. (ore value per tonne)
See definition of Troy Ounces below. (oz)
PP% denotes the percentage of value derived from Proven + Probable reserves. Proven + Probable reserves are NI 43-101 classifications. See MORE above. (pppc)
Project is the name mining company commonly uses to identify its mine or exploration project. Typically, a NI 43-101 report identifies one project. (prjct)
GoldMinerPulse computes Silver Equivalent as the value of the company's gold, silver, and other metals from all NI 43-101 reserve/resource classifications divided by the price of silver. All calculations are done using recent Metal Prices. Silver Equivalent is always shown with a corresponding PP%, MI% and I% break down of the reserve/resource classifications. Charts of recent metal prices are provided here. GoldMinerPulse always lists the metal prices in our per company reports when we show Silver Eq.. (ageq)
This is the mining company's identifying Canadian stock exchange trading symbol, which on GoldMinerPulse web pages, is linked to a unique GoldMinerPulse web page with information about that company's mineral reserve(s)/resource(s). (symbol)
Wikipedia defines tonne (t) or metric ton, also referred to as a metric tonne or tonne mĮtrique, as a measurement of mass equal to 1,000 kilograms (1,000,000 grams). GoldMinerPulse uses 453.59237 grams per pound, which is equivalent to 2204.62262185 pounds per tonne, for internal conversions. (tonne)
Wikipedia defines troy weight as a system of units of mass customarily used for precious metals. GoldMinerPulse uses 31.1034768 grams per troy ounce for conversions from grams. Gold and silver quantities are always reported in troy ounces. (troy)
The abbreviation for the U.S. dollar. GoldMinerPulse uses a recent Canadian dollar to US$ and updates the rate used when updating closing share price. See xe for currency conversion quotes. (usd)
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