asx silver stocks.. .. rare as hens' teeth, page-5

Very true SP

Great post. I am happy that it closed on its daily high and even more happy with the 15 mil ounces already jorced. I am over the moon with the massive potential upside in the silver jorc and also base metals. From th website:

In March 2010 Alcyone announced an updated JORC compliant mineral resource estimate for the Twin Hills and Mt Gunyan deposits of 5.9Mt @ 79g/t Ag for 15.1Moz of contained silver, comprising:



?3.8Mt @ 83g/t Ag for 10.2Moz contained silver at Twin Hills


?2.1Mt @ 73g/t Ag for 4.9Moz contained silver at Mt Gunyan


The resource estimate reflects a thorough and rigorous analysis of the historical data available from the deposits, and over 85% of the resource sits in the Measured and Indicated categories.



The updated JORC compliant mineral resource inventory, using a 40g/t silver cut-off grade, is summarised in Table 1 below.



Table 1: Texas Silver Project, JORC Compliant Mineral Resources - March 2010



Deposit Resource Category
Tonnes Grade
(g/t Ag)
Contained Silver (oz)

Twin Hills
Measured 1,762,000 86 4,868,000
Indicated 1,466,000 79 3,722,000
Inferred 614,000 81 1,602,000
TOTAL: 3,842,000 83 10,192,000
Mount Gunyan
Indicated 1,756,000 76 4,267,000
Inferred: 350,000 58 650,000
TOTAL: 2,106,000 73 4,917,000
TOTAL ALL CATEGORIES
5,948,000 79 15,109,000

PGamble

While they may not match svl in grades, ayn is much closer to production and more importantly cost per ounce is roughly $13.00 (then there are the base metals?????)