Entree Gold Soars 24% on Positive Copper Mine Results

By MidnightTrader.com Staff,

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Entree Gold ( EGI ) is up 23.7% after reporting the results of a positive Preliminary Economic Assessment (PEA) for its wholly owned Ann Mason copper-molybdenum porphyry deposit in Nevada.

The Project is expected to yield a base case, pre-tax, 7.5% net present value of $1.11 billion and an internal rate of return of 14.8%, using assumed copper, molybdenum, gold and silver prices of $3.00/lb, $13.50/lb, $1,200/oz and $22/oz, respectively.

EGI is trading at $0.52 in a 52-week range of $0.40 - $1.99.

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

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This article appears in: Investing Commodities
Referenced Stocks: EGI

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