http://www.firstmajestic.com/s/NewsReleases.asp?ReportID=562284&_Type=News-Releases&_Title=First-Majestic-Announces-Friendly-Acquisition-of-Orko-Silver

 

The offer represents a premium of approximately 69% to Orko's 30-day volume-weighted average price ("VWAP") for the period ending December 14, 2012. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).

 

SOME GOOD TIDBITS IN PRESENTATION: http://www.orkosilver.com/i/pdf/Presentation.pdf

 

On Aug 10th, 2011 Orko and Pan American released a Preliminary

Economic Assessment (PEA)

v Demonstrates the potential for a 12 year mine

v Annual production of 6.8 million oz Ag and 12,000oz Au (7.2Moz AgEq)

v Capital costs of $270 million (PAA burden)

v Mine 5,000 tonnes /day, conventional mill - Ag dore poured onsite

v Cash cost of $11.84/oz Ag* / VERSUS MAG-AT $ -0.03-AT $28-SILVER.

v Cost per tonne - $45.81/tonne

 

*WHERE'S MAG-ON THIS LIST?

Significant Silver Projects Capable of Delivering +5 million oz of Annual Silver Production

 

Mine Location Owner Year Production Notes

El Sautito Mexico Fresnillo 2013 9.0 Moz Ag/yr Expansion

Fuwan China Minco Silver 2014 5.0 Moz Ag/yr Start-up in 2013

Corani Peru Bear Creek 2015 10.0 Moz Ag/yr Start-up in 2014

Hermosa USA Wildcat Silver 2016 15.0 Moz Ag/yr Start-up in 2017?

Keno Hill Canada Alexco 2016 7.0 Moz Ag/yr Expansion

La Preciosa Mexico Orko ??? 6.8 Moz Ag/yr+ Start-up in ???

Escobal Guatemala* Tahoe Resources 2014 20.0 Moz Ag/yr

Start-up in 2013?*

Pascau Lama Chile/ Argentina* Barrick 2014 35.0 Moz Ag/yr Start-up in 2013?*

Malku Khota Bolivia* South American Silver 2017 13.2 Moz Ag/yr Start-up in 2015?*

Navidad Argentina* Pan American 2018 19.0 Moz Ag/yr Start-up in 2016?*

Significant

 

OPEN PIT GRADES OF 100-G/T.

 

GOOD SIZE RESOURCE.

 

77-MILLION TONS.

FROBE