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?*
OPEN PIT GRADES OF 100-G/T.
GOOD SIZE RESOURCE.