Referenced Stocks

EPM Mining Releases Results of the Preliminary Economic Assessment for its Sevier Dry Lake Potash Project

By Midnight Trader,  October 15, 2012, 10:00:01 AM EDT

EPM Mining Ventures Inc. (EPK.V) today announced the economic results of a National Instrument 43-101 Preliminary Economic Assessment for the production of Sulfate of Potash (SOP) from its Sevier Dry Lake Potash project located in southwestern Utah.

Lance D'Ambrosio, Chief Executive Officer of EPM, said; "This is a major milestone for our company and we are very pleased with the results of the PEA. With CapEx of $310 million and OpEx of $155 per metric tonne for nameplate production, we have demonstrated the economic potential of our project."

The PEA forecasts SOP Production of 300,000 metric tonnes ( MT ) with an estimated Net Present Value of $956.5 million (pre-tax, inflated, 8% discount rate) and an estimated Net Present Value of $629.7 million (after tax, inflated, 8% discount rate); and with an estimated Internal Rate of Return of 30% (pre-tax, inflated) and an estimated Internal Rate of Return of 24% (after tax, inflated).




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: MT



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