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Re: None

Wednesday, 04/24/2013 7:51:43 PM

Wednesday, April 24, 2013 7:51:43 PM

Post# of 1127
Hmmmm? What happened? Capital cost of $6.3M? 3 month payback? LOL

Capital costs to resume production are estimated to be $6.3 million with a projected payback of 3 months. Operating costs are estimated at $434/ton or $447/oounce for the first two years of operations. At a gold price of $1200 per ounce gold, the project delivers an internal rate of return of 549% and net present value of $60.9 million on an undiscounted cash flow of $64.3 million over the first two operating years.

http://www.firerivergold.com/i/pdf/NF-12EXE1-Form43Feb2012.pdf