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Mining Weekly reported Liberty Mines (TSX:LBE) expects its net present value for the Hart nickel project at $35.8 million at its preliminary economic assessment study.
Mining Weekly reported Liberty Mines (TSX:LBE) expects its net present value for the Hart nickel project at $35.8 million at its preliminary economic assessment study.
As quoted in the market news:
The study arrived at the NPV estimate by using an 8% discount rate at a base nickel price of $10/lb.
The expected life of the nickel mine is expected to be eight years for total production of 38.5-million payable pounds of nickel.