KTN - Promontorio Silver Project: NAV Estimate


Union Securities Ltd. - June 28, 2011

KTN - Speculative Buy - Target: CDN$2.50

Exhibit 12. NAV Estimate (P.16)

- Promontorio, Sonora, Mexico: 100.0 million oz Ag-Eq. @ US$1.25/oz Ag-Eq. = CDN$131.9 million
- All Other Properties: CDN$.00
- Kootenay Gold Inc.: CDN$2.49/share

Source: http://minesite.com/media/pub/var/release_downloadable_file/31670.pdf


Kootenay Silver Inc. - August 21, 2012

Table 1: Resource Statement For The Promontorio Deposit, Sonora State, Mexico - SRK Consulting (U.S.) Inc., July 31, 2012:

Total Resource:

- Measured + Indicated: 61,679,000 oz Ag-Eq.
- Inferred: 14,469,000 oz Ag-Eq.

Source: http://www.kootenaysilver.com/s/NewsReleases.asp?ReportID=542844

At US$1.00/oz Ag-Eq. and US$1.25/oz Ag-Eq., the (current) NAV estimate becomes:

Promontorio, Sonora, Mexico: 76,148,000 oz Ag-Eq. @ US$1.00/oz Ag-Eq. ~ CDN$75.5 million
Promontorio, Sonora, Mexico: 76,148,000 oz Ag-Eq. @ US$1.25/oz Ag-Eq. ~ CDN$94.4 million


Guy


P.S.: Do you remember my previous blog post: http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=120332 ?

Guy: "I believe that a tripling of the resource is definitely in the cards...". :-)