Asia Broadband Inc (AABB)

[Scamdestroyer]

Highlights of the PEA, with a base case silver price of US$23.75/oz and gold price of US$1,850/oz are as follows (all figures in US dollars unless otherwise stated):
-- After-Tax net present value ("NPV") (using a discount rate of 5%) of
US$458 Million with an After-Tax IRR of 37% (Base Case);

-- 11-year mine life producing a total of 88 Million payable silver
equivalent ounces ("AgEq"), consisting of 47 Million silver ounces, 493
Thousand gold ounces, and 14 Million pounds of copper;

-- Initial capital costs of $148 Million, including $19 Million in
contingency costs, over an expected 18 month build, additional expansion
capital of $69 Million, and sustaining capital costs of $72 Million over
the life of mine ("LOM");

-- Average LOM operating cash costs of $8.15/oz AgEq, and all in sustaining
costs ("AISC") of $9.02/oz AgEq

-- Average annual production of 8 Million AgEq oz;

-- Approximately half of LOM metal production is long hole underground
("UG"), and approximately half is open pit ("OP") mining
148 million costs for Gogold just to begin mining, but Torres can do it for a few million, what a genius!