Silverado Gold Mines

REVISED POTENTIAL PROFIT FOR THE WORKMAN'S BENCH AREA

I spent a few weeks putting together "The History of Nolan Creek, Silverado Gold Mines" and did some quick calculations without double checking and realize my mistake. The correct figure for the gross profit is MUCH larger, try $146,433,600 vs $76,933,937


(REVISED)
I did some simple math to get a rough estimate of value for both Gold and Antimony from a small area of Workman's Bench. I used the Gold and Antimony figures from table 1.2 of the NI43-101 report. http://www.sec.gov/Archives/edgar/data/731727/000106299309002024/exhibit99-1.htm

Probable Lode Reserve 42,412 tons
Antimony 28%
Gold 17,300oz

Antimony Average Price: $5lb
Gold Average Price $1,600oz
1 Ton = 2,000lb

.28 Antimony x 42,412ton = 11,875 x 2,000 = 23,750,720
23,750,720 x $5lb = $118,753,600 Antimony Value

17,300oz Gold x $1,600= $27,680,000 Gold Value

$118,753,600 Antimony + $27,680,000 Gold = $146,433,600 Gross Profit

I think the production cost is around $500/ton, I will let you do the math to figure the net profit

Its obvious to me that the company has only scratched the surface of the Nolan Creek property, so there is allot room for drilling that the company can do to find out how deep and how these Gold-Antimony veins extend