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Northern Vertex Mining Corp. (TSXV:NEE) released the results of a preliminary economic assessment for its Moss Mine Gold-Silver Project in Mohave County Arizona, USA: Pre-Tax IRR 117.9%, NPV @5% $110 Million USD, Payback Period 1.25 Years.
As quoted in the press release:
Highlights are as follows:
Mine life 5 yrs, 5000 tpd, 42,000 AuEq oz/yr
Pre-tax IRR of 117.9%
Pre-tax payback of 15 months
Pre-tax NPV @5% $110 million
Capital expenditures $26.6 million
Capital / average annual oz AuEq production $633/oz
Cash Costs/oz AuEq $490/oz
Click here to read the Northern Vertex Mining Corp. (TSXV:NEE) press release
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