Searchlight Innovations Inc T.SLX

Layman's terms???

[Kewl2]

Does anyone know how to explain the following info from the PR in laymans terms?? 

I think I know what they are trying to convey - however - the simple perspective is that "an ounce is an ounce". I am having difficulty figuring out how the price of gold/silver makes an impact on the # of ounces produced.........

Perhaps someone with more experience on the BB could explain concept & the math calculation???


Silver Equivalent Oz (Actual) = 143,128    Silver Equivalent Oz (i) = 163,792

i) (Silver equivalents for 2011 using budgeted prices of US$1200/oz Au, US$20/oz Ag. Actual silver equivalents are based on realized prices for the reporting period)

Thanks in advance...............


The complete table is copy/pasted below:

Production Table for Q1 2011

---------------------------------------------------------------------------
         Tonnes  Tonnes                   Grade  Reco- Reco- Silver  Silver
            Pro-    per   Grade   Grade      Ag  very  very  Eq Ozs      Eq
Month duced Day Ag g/t Au g/t Eq g/t Ag % Au % (Actual) Ozs(i)
---------------------------------------------------------------------------
Jan       5,611  181.01  140.23    1.50  230.51   90%   84%  33,661  36,433
---------------------------------------------------------------------------
Feb       5,081  181.48  240.53    2.61   397.1   95%   91%  54,534  60,513
---------------------------------------------------------------------------
March     5,667  182.80  196.58    3.48  405.30   91%   90%  53,932  66,847
---------------------------------------------------------------------------
Total/
Avg      16,359  180.77  190.90    2.50  342.80   92%   89% 143,128 163,792

(i) (Silver equivalents for 2011 using budgeted prices of US$1200/oz Au,
     US$20/oz Ag. Actual silver equivalents are based on realized prices
     for the reporting period)