Silverado Gold Mines Ltd. (fka SLGLF)

[7Secret7Service7]

$SLGLF - Nearing production phase!

"Silverado Gold mines LTD" DD report:

Website - http://www.silverado.com/

Silverado Gold Mines LTD is a mining exploration enterprise on the verge of entering "Production Phase" for their Nolan project. The Company has spent approximately $36 million acquiring, exploring, and test exploration on the Nolan Gold Project. According to CEO & President Garry L. Anselmo, the company is very close to disclosing their plan to initiate production.

Nolan Creek project overview:
http://www.silverado.com/projects/nolan-creek/
Project map --> http://www.silverado.com/d/m1m2.pdf

Projected metal values:
Gold - >54,451 T @ .37 oz/T gold @ a 90% mill recovery and a gold price of $1350/oz.
The gold value of the ore is: 54 451 x .37 x .9 x 1350 =
$24 478 447.00

Antimony - >54,451/T @ 26.4% Antimony @ an 85% mill recovery, no deleterious metal penalties, @ 2000 lb/T, and
a price of $3/lb.
The antimony value of the ore is: 54 451 x .264 x .85 x 2000 x 3 = $73 313 000.00

The combined value of antimony and gold for the 54,451 T block of ore is $97 791 447.00

The cost to mine, mill and ship including exploration, development and overhead @ $400/T is 54,451 x $400 = $21 780 400.00

Nolan Creek total profits - $97 791 447.00 - $21 780 400.00 =
$76 011 047.00

The property has a secondary sub-parallel zone with these estimates: 34 206 T of 14.92% antimony and 0.357 oz/T gold

This creates an additional value of $30 000 000.00 increasing the mines profits to a grand total of $106 000 000.00!

http://www.silverado.com/d/nolan-update-april-2010.pdf

Silverado Gold mines have 2 other projects in exploration phases:

Ester Dome -> http://www.silverado.com/projects/ester-dome/

Eagle Creek -> http://www.silverado.com/projects/eagle-creek/

Both of these projects have had positive testing results.

Market capital assessment:

This assessment has been calculated using only the projected profits for the Nolan Creek project.


$106 000 000.00/1 731 562 932 = a price per share of $.061


The current PPS is significantly undervalued and with the anticipated news this stock should start a steady march towards the assessed Market cap.

-cheers