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American Vanadium Corp. (CVE:AVC) announced positive feasibility study results for its Gibellini vanadium project, Nevada.
The press release is quoted as saying:
The Feasibility Study reported an after tax cash flow of $275.7 million, an internal rate of return of 43%, net present value of $170.1 million at a 7% discount rate and a 2.4 year payback on investment from start-up.
American Vanadium’s President and CEO, Bill Radvak says:
“We are pleased to be announcing such strong project economics” “This gives us the foundation we need to drive the development and expansion of the project. Our baseline work has not raised any material environmental issues to date and we are now moving forward with finalizing the plan of operations for review and comment by both the Bureau of Land Management and the State of Nevada. The NI 43-101 Technical Report will be available on SEDAR within 45 days”.
Click here to access the entire news release.
Click here to access American Vanadium’s company profile.(TSXV:AVC)