Royal Nickel Announces Third Quarter 2011 Results
Investing News Network - November 10th, 2011
Royal Nickel Corporation (TSX:RNX) reported its review of activities and financial results for the quarter ended September 30, 2011.
Royal Nickel Corporation (TSX:RNX) reported its review of activities and financial results for the quarter ended September 30, 2011.
As quoted in the press release:
THIRD QUARTER AND RECENT HIGHLIGHTS
- On November 1, 2011 the Corporation announced the pre-feasibility study (“PFS”) results and announced that a National Instrument 43-101 compliant technical report will be filed within 45 days. Highlights of the Dumont PFS are as follows:
- US$1.1 billion after-tax NPV8%, 17% after-tax internal rate of return
- 1.1 billion tonnes of reserves at 0.27% nickel, life-of-mine strip ratio of 1.2:1, 31-year project life
- Average annual contained nickel production of 96 million pounds (44 kt) during the 19-year mine life and 59 million pounds (27 kt) for the subsequent 12 years from processing of the lower grade stockpile
- Single high grade concentrate containing an average of 33% nickel over life of project
Click here to read the Royal Nickel Corporation (TSX:RNX) press release.