Momentum Players

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$PGLC / $T.PGLC The NPV, IRR and Net Cash Flow assume pre-tax economics using US $1,250 per ounce of gold, US $16.75/oz of silver and a 5% discount rate. The company also reported upgraded mineral resource that includes NI 43-101 proven and probable reserves of approximately 635,000 ounces of gold and 1.6 million ounces of silver.

Highlights from the PFS include:

• Life of Mine 5.6 years
• Gold Production: 93,900 ounces
• Cash cost: $770 per ounce
• AISC: $802 per ounce
• Initial CAPEX: $23.6 million
• Sustaining CAPEX: $22.8 million
• Working Capital: $11.0 million
• Pre-tax NPV, 5%: $145 million, After-tax • NPV, 5%: $126 million
• Pre-tax IRR: 89%, After-tax IRR: 85%
• Pre-tax Net Cash Flow: $192.7 million, • After-tax Net Cash Flow: $167.7 million

http://resourceworld.com/index.php/pershing-gold-ready-reopen-relief-canyon-mine/