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
Click here to see the Afri-Can Marine Minerals Corporation (TSXV:AFA) profile.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1931.63 | +0.35 | |
| Silver | 23.42 | +0.02 | |
| Copper | 4.26 | 0.00 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 81.74 | +0.12 | |
| Heating Oil | 3.44 | 0.00 | |
| Natural Gas | 3.46 | +0.02 | |