El Rayo (Soltoro) vs Cinco Minas/Gran Cabrera (SRGE/MSJ)
Post# of 9903
Posted On: 04/15/2015 7:19:12 AM
Below I compare the flagship project of Soltoro (El Rayo) with Cinco Minas/Gran Cabrera. Although Soltoro has other projects as well, there's not much number information for them,so I concentrate only on El Rayo and Cinco Minas/Gran Cabrera. Important things to notice about the El Rayo project is:
1) It's in Jalisco State, just as Cinco Minas/Gran Cabrera
2) It's a Pink Sheet current company! And this is what I found out today. So as earlier remarked, Agnico doesn't seem to care much who owns these mining properties. They are just buying them up no matter where
it's from or who owns it.
It's all up to MSJ now to come through.
SRGE/MSJ:
Gran Cabrera:
Estimated gold: 212,223 x 1198 $=254,243,154 $
Estimated silver:106,363,224 x 16,65 $=1,770,947,680 $
Cinco Minas:
Estimated gold:112,187 x 5(assumed with 100% ore tested) x 1198 $=672,000,130 $
Estimated silver:14,319,064 x 5(assumed with 100% ore tested) X 16,65 $=1,192,062,078 $
Total worth Gran Cabrera and Cinco Minas: 3,889,253,042 $
Soltoro mining:
El Rayo:
Total Silver (open pit,measured+indicated): 22,900,000 x 16,65 $ = 381,285,000 $
Total Silver La Soledad (open pit,inferred): 1,700,000 x 16,65 $ = 28,305,000 $
Tota Lead (open pit,measured+indicated): 36,300,000 lbs X 0,9$ = 32,670,000 $
Total Silver (underground,inferred): 13,800,000 x 16,65 = 229,770,000 $
Total Gold (indicated): 28,800 x 1198 $ = 34,502,400 $
Total Worth El Rayo:706,532,400 $
25 million $ paid by AEM for Soltoro:
That is 1,000,000 $ for 28,261,296 $ worth of El Rayo-->
Cinco Minas/Gran Cabrera total according to what AEM paid for Soltoro: 3,889,253,042 $/28,261,296 $ =137,61-->137,617,647 $
Cinco Minas/Gran Cabrera price to be paid for joint venture (50/50): 137,617,647/2= 68,808,823 $
Cinco Minas/Gran Cabrera price to be paid for total take over: 137,617,647 $
Outstanding shares SRGE as of November 02 2012: 545,874,868
Share price SRGE/MSJ for joint venture (50/50)= 0,126 $
Share price SRGE/MSJ for total take over = 0,252 $
1) It's in Jalisco State, just as Cinco Minas/Gran Cabrera
2) It's a Pink Sheet current company! And this is what I found out today. So as earlier remarked, Agnico doesn't seem to care much who owns these mining properties. They are just buying them up no matter where
it's from or who owns it.
It's all up to MSJ now to come through.
SRGE/MSJ:
Gran Cabrera:
Estimated gold: 212,223 x 1198 $=254,243,154 $
Estimated silver:106,363,224 x 16,65 $=1,770,947,680 $
Cinco Minas:
Estimated gold:112,187 x 5(assumed with 100% ore tested) x 1198 $=672,000,130 $
Estimated silver:14,319,064 x 5(assumed with 100% ore tested) X 16,65 $=1,192,062,078 $
Total worth Gran Cabrera and Cinco Minas: 3,889,253,042 $
Soltoro mining:
El Rayo:
Total Silver (open pit,measured+indicated): 22,900,000 x 16,65 $ = 381,285,000 $
Total Silver La Soledad (open pit,inferred): 1,700,000 x 16,65 $ = 28,305,000 $
Tota Lead (open pit,measured+indicated): 36,300,000 lbs X 0,9$ = 32,670,000 $
Total Silver (underground,inferred): 13,800,000 x 16,65 = 229,770,000 $
Total Gold (indicated): 28,800 x 1198 $ = 34,502,400 $
Total Worth El Rayo:706,532,400 $
25 million $ paid by AEM for Soltoro:
That is 1,000,000 $ for 28,261,296 $ worth of El Rayo-->
Cinco Minas/Gran Cabrera total according to what AEM paid for Soltoro: 3,889,253,042 $/28,261,296 $ =137,61-->137,617,647 $
Cinco Minas/Gran Cabrera price to be paid for joint venture (50/50): 137,617,647/2= 68,808,823 $
Cinco Minas/Gran Cabrera price to be paid for total take over: 137,617,647 $
Outstanding shares SRGE as of November 02 2012: 545,874,868
Share price SRGE/MSJ for joint venture (50/50)= 0,126 $
Share price SRGE/MSJ for total take over = 0,252 $
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