Bacanora Releases Preliminary Economic Assessment for Cajon Borate Deposit

By Midnight Trader,  January 04, 2013, 01:27:18 PM EDT

Bacanora Minerals Ltd. (BCN.V) announced the results of a Preliminary Economic Assessment (PEA) on the company's Cajon Borate deposit in Sonora, Mexico.

Net Present Value of the project, discounted at 8%, is US$113 million, assuming an average colemanite concentrate price of US$500/tonne.

"Management is very pleased with the preliminary economic assessment and looks forward to completing additional work for the purpose of advancing the project," the company said in a release.

The full text of the PEA will be filed on SEDAR as a report in compliance with National Instrument 43-101 and will be available on Bacanora's website.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Cuba Reopens Sugar Mills
Cuba Reopens Sugar Mills            
South Korea Helicopter on Show
South Korea Helicopter on Show      
In The Wake Of Devastation
In The Wake Of Devastation          
An Orchestra Walks Into a Bar...
An Orchestra Walks Into a Bar...    


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%