SOH.V down 31%, on good news. I guess sell the news since stock was up so much. Could be good time for a buy.
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Soho receives Tahueuhueto PEA
2010-10-04 09:41 ET - News Release
Mr. Ralph Shearing reports
SOHO RESOURCES CORP. ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR CURRENT RESOURCE IDENTIFIED ON ITS TAHUEHUETO PROJECT
Soho Resources Corp. has provided results of a preliminary economic assessment for its 100-per-cent-controlled Tahuehueto project in Durango, Mexico. Results demonstrate robust economic returns using three-year rolling average gold, silver and base metal prices. Highlights are in an attached table.
SUMMARY OF PEA ESTIMATES
Net cashflow $184.2-million (U.S.)
Net present value (NPV) 5% discount rate $109.6-million (U.S.)
Internal rate of return (IRR) 31%
Payback period (months) 27
Mine life (years) 11
Max processing rate (tonnes per annum) 1,000,000
Capital & startup costs $89.1-million (U.S.)
METAL SELLING PRICES
Sell price --
Metal (U.S. dollars) Source
Gold 965.81/oz London PM fix price (Centennial Precious Metals, Inc. 2010)
Silver 15.38/oz London fix price (Silver Institute, 2010)
Copper 2.92/lb LME Grade A cathode spot price, CIF European ports (IMF, 2010)
Lead 0.95/lb LME 99.97% pure spot price, CIF European ports (IMF, 2010)
Zinc 0.88/lb LME high-grade 98% pure spot price, CIF U.K. ports (IMF, 2010)
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