PVG on Briefing.com this AM:
22-Feb-12 05:38 ET
PVG Pretium Resources updates PEA for Brucejack high-grade gold project (16.36 )
Co reports results from the National Instrument 43-101-compliant Updated Preliminary Economic Assessment ("PEA") for the high-grade gold and silver resources identified to date at its 100%-owned Brucejack Project. The highlights include: Base Case pre-tax Net Present Value (5% discount) of $2.262 bln; Mine life of 24 years producing an estimated 6.9 mln ounces of gold and 17.0 mln ounces of silver; Average annual production of 325,000 ounces of gold over the first 12 years and 287,000 ounces of gold over the life of mine; Base Case pre-tax Net Cash Flow over the proposed mine life of $5.133 bln; Base Case pre-tax Internal Rate of Return of 29.8%, with payback estimated at 4.1 years; Estimated initial capital cost, including contingencies, of $436.3 mln; Average operating costs of C$170.90/tonne milled over mine life.
Kurt Vonnegut wrote some great books and had a great philosophy of life: