Encanto Announces Positive Pre-Feasibility Study for Muskowekwan Property

By MidnightTrader.com Staff,

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Encanto Potash Corp. (EPO.V) has completed an independent positive Pre-Feasibility Study (the PFS) prepared by Novopro Projects Inc. for the Muskowekwan property in southern Saskatchewan.

The PFS confirms that the Project has significant positive economics and that the resource is of sufficient size as well as grade to support primary and secondary mining for over 50 years with Muriate of Potash production rate of 2.8 million tons per annum, Encanto said in a statement.

The PFS' Economic Model for the Project generated an Internal Rate of Return of 19.1% (20.4% before taxes) and a Net Present Value of $3.63 billion ($4.47 billion before taxes) yielding a Project payback period of 5.0 years.

Shares are up 4 cents (16.67%) to 28 cents mid-morning. Volume traded is 192,600.

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