43-101 detailsJust spoke to Marc. He noted that the 43-101 resource is similar to the data posted in the SB-2, as it was based on the 1995 resource estimate.
He just confirmed to me that the total resource estimate is about $600 million worth of ore, but after making assumptions for recovery factors the number is closer to $440 million including the silver, zinc, lead, and copper.
Taking a rough calculation of $440 million divided by $13.50/oz of silver gives you a silver equivalent ounces calculation of....
32.5 million ounces!
I had assumed 20 million based on the estimates in the company's power point presentation, and keep in mind that the report clearly states that there is massive upside to this estimate.
Load 'em up!