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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Re: ECU Value
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I attempted to reverse engineer your assessments as per attached:
It would be interesting to compare the value assessment of the Ag in the ground (NI43-01) embedded in the share price with other potential silver miners / producers. The Ag in the ground valuation seems outrageously low vs the spot price.
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Analysis Using Measured + Indicated + Inferred Resource |
|
|
|
NI43-101 Release Date |
1/24/2008 |
1/24/2008 |
|
NI43-101 Ag Equiv OZ (Mil) |
216´636´000 |
216´636´000 |
|
Data Point Comparison Date |
11/16/2008 |
06/03/2008 |
|
Shares Outstanding |
242´609´557 |
242´609´557 |
|
Silver Price |
9.48 |
16.70 |
|
Resource Value (Mil $) |
2´053´709´280 |
3´618 |
|
Resource Value Per Share |
8.47 |
14.91 |
|
Share Price ECUXF |
0.57 |
1.40 |
|
Resource / Market Cap (MI+I) |
14.85 |
10.65 |
|
Market Cap ECU |
138´287´447 |
339´653´380 |
|
Oz in the ground (MI+I) valued at US$ |
0.64 |
1.57 |
|
as a percentage of the Ag spot price |
6.7% |
9.4% |
|
|
|
|
|
Analysis Using Measured+Indicated+ Inferred+Potential Resource (MI+I+P) |
|
|
|
NI43-101 Ag Equiv OZ (Mil) |
1´177 |
1´177 |
|
Resource Value ($Mil) (SP*Ag Equiv) |
11´158 |
19´656 |
|
Resource Value Per Share |
45.99 |
81.02 |
|
Resource / Market Cap |
64.78 |
57.87 |
|
Oz in the ground (MI+I+P) valued at US$ |
0.12 |
0.29 |
|
as a percentage of the Ag spot price |
1.2% |
1.7% |
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