* CMA.V CRMXF.OB (Cream Minerals Ltd) (I own shares.)
http://www.creamminerals.com/cream/main.htm
http://www.langmining.com/cream-mx/
34.8 mil shares fully diluted (March 31, 2004)
@ $.30/share Cdn x .77 US/Cdn = $.23 US
$8 mil MC
from: http://www.langmining.com/crea…panyProjects_Summary.html
Project B: Potential Target: 400m x 500m x 150m x 2.5 t/m3 = 75,000,000 tonnes
Say at: Au 0.480 g/t Ag 149.33 g/t
Silver only, that's (1 gram = .03215 troy oz.) 4.8 oz./t x 75 million tonnes = 360 million oz. "exploration potential" in a low-grade deposit.
$8 mil MC / 360 mil oz. = $.02/oz. (exploration potential) --not yet even a "resource"!
Additional comments: Another silver property is the Kaslo.
"The Kaslo Silver Property encompasses the Keen Creek Silver Belt and is comprised of nine former high grade silver mines"...
(I own shares of CMA.V)