RE: Vulture Trader - value calculation Total Indicated Resources : 124 Moz (without Inferred another 51 Moz)
Orko owns 100% of La Preciosa again of Indicated Resources : 124 Moz
?Metallurgical Recovery 86% : 124 x 0.86 = 106.64 Moz
?Cash Cost per Ounce : $11.84
?Silver Spot Price 2012-09-07: $33.67
Value Silver after cash costs : $33,67 minus $11.84= $21.83
?Value of silver : $21.83 x 106.64 Moz = $2,327.95 M?
Orko Shares Outstanding (fully diluted) : 142 M
Value silver / Shares : $2,327.95 M? / 142 = $16.39
So every bidding company will subtract the CAPEX, of course. But with this little calculation you see what the silver in ground is worth. And that are not the 175 Moz. With 175 Moz La Preciosa is worth much more.
Anyway, I hope my fast calculation is right. Have drunk some Chinese wine ;)