Great Western Minerals Down 10%, at New Yr Low

By
A A A

Great Western Minerals (GWG.V) is down 2 cents (10%) to a new yr low of 18 cents. The company yesterday reported positive results from a Preliminary Economic Assessment of the company's Steenkampskraal rare earth element project.

Highlights

$555 Million after-tax net present value ( NPV ) applying a 10% discount rate and a 28% South African corporate tax rate


66% after-tax internal rate of return ("IRR")

4.3 year estimated Project payback period, on an after-tax basis, from start of underground mining production.

11 year potential life of mine

More than 1.28 million shares have been traded so far.



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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: NPV

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com