Referenced Stocks

Stonegate Announces Positive Feasibility Study For U.S. Project

By Midnight Trader,  December 10, 2012, 08:37:40 AM EDT

Stonegate Agricom Ltd. (ST.TO) announced the results of its Feasibility Study for the development of an underground mine in the Lower Phosphate Zone of its 100% owned Paris Hills Phosphate Project in Idaho, U.S.A.

Feasibility Study Highlights:

- Life of mine production and Mineral Reserves of 16.7 million tonnes of direct-ship, concentrate-quality phosphate rock (no beneficiation required) with an average life-of-mine grade of 29.5% P2O5

- Average annual rate of production of 904,000 tonnes of saleable concentrate

- Mine life of 19 years

- Initial project capital of US$121.0 million (to commercial production)

- Cash operating cost of $69.49 per tonne of saleable concentrate (FOB mine site)

- Assumed average product price of $165 per tonne (FOB mine site)

- Pre-tax Net Present Value ( NPV ) of $477.5 million

- Pre-tax Internal Rate of Return ( IRR ) of 45.9%.




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: IRR, NPV



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