Afri-Can Marine Completes Pre-Feasibility Study on Mining Lease 111

Afri-Can Marine Minerals Corporation (TSXV:AFA) has completed a preliminary study of the feasibility of resuming mining during 2014 on Mining Lease 111 situated off the coast of Namibia.

As quoted in the press release:

Pre-Feasibility Study Highlights:
Afri-Can’s share of Net Present Value (NPV) (after tax) US $20.2 million
Afri-Can’s share of Internal Rate of Return (IRR) (after tax) 31%
Probable Diamond Reserves 319,000 carats
Average annual production 159,500 carats
Diamond price (projected average) US $484 per carat
Initial Mine Life 2 years

Click here to read the Afri-Can Marine Minerals Corporation (TSXV:AFA) press release
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