Updated Silver companies comparison spreadsheet as at 1:30pm...

Updated Silver companies comparison spreadsheet as at 1:30pm today. I have included the Maronan starter zone for comparison against the entire project. The starter zone should have around a 6yr mine life but I expect the silver grades to increase as they drill the area out.

Only 20% of the starter zone is in the indicated category. Maronans entire project grades are effected by the copper/gold resource at current prices. I assume they will start mining this once the project has been paid back as it lowers the overall project grades by $47/t or 14%. The lead/silver resource (32.1M/t @ 107 g/t silver & 6.1% lead) encapsulates the copper/gold resource (32.5M/t @ 0.84% cu & 0.64 g/t gold). The Maronan resource is 1000mtr (l) x 600mtr (w) x 1400mtr (d) and open at depth. The grades are increasing at depth and it is presumed that Cannington type grades lie at lower levels.