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Orko Silver Corp. (TSX.V:OK) - has been steadily increasing its silver deposit in Mexico and has drilled up a resource of more than 200 million ounces of silver and it keeps growing. Their recent agreement with Pan American takes away many of the funding risks that a company that is not in production has. And Coeur d’Alene Mines (NYSE:CDE) recently completed the purchase of Palmerejo for US$1.1 billion and paid $4.45 per ounce of silver (Ag-Eq oz). We believe a share price four times higher than the present will become reality one day.
Given the 4.45 benchmark for in ground silver; here are some numbers to think over given a number of variables. It shows the potential of our investment.
A
If ECU has 390 million silver equivalent ounces (1)
390 X 4.45 = 1,735,500,000
1,735,500,000/ 340,000,000 (2) = 5.10 per share
B
If ECU has 40 million silver equivalent ounces (3)
40 X 4.45 = 178,000,000
178,000,000/340,000,000 (2) = .52 per share
C1
If ECU has 748 million silver equivalent ounces (4)
748 X 4.45 = 3,328,000,000
3,328,000,000/340,000,000 (2) = 9.79 per share
C2
If ECU has 1,252 million silver equivalent ounces (5)
1,252 X 4.45 = 5,571,400,000
5,571,400,000/340,000,000 (2) = 16.39 per share
(1) Page four Micon NI 43-101 TECHNICAL REPORT
Measured & Indicated & Inferred -Gold,Silver,Zinc,Lead
(2) Full diluted shares
(3) Page four Micon NI 43-101 TECHNICAL REPORT
Measured & Indicated -Gold,Silver,Zinc,Lead
(4) Page five Micon NI 43-101 TECHNICAL REPORT
Mineral Potential Minimum -Gold,Silver,Lead, Zinc
(5) Page five Micon NI 43-101 TECHNICAL REPORT
Mineral Potential Maximum -Gold,Silver,Zinc,Lead