Wallbridge Reports Positive Results from Pre-Feasibility Study of Broken Hammer Project in Sudbury


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Wallbridge Mining Company Limited (WM.TO) today announced positive results from a prefeasibility study completed on its Broken Hammer copper and platinum group metal project in Sudbury, Ontario.

Prefeasibility study highlights

Estimated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $8.4 million or $42.60 per tonne of ore

Estimated total capital costs ( CAPEX ) for the project of $1.9 millionM

Estimated pre-tax Net Present Value ( NPV ) of $6.03M using an 8% discount factor and $3.50USD per pound of Copper and $1,600USD per ounce of Platinum and CAD/USD of 1.00

Estimated ore production rate of 750 tonnes of Cu-Ni-PGE ore per day similar to the 2011 bulk sample production rate

Estimated Mine life of 12 months

Estimated Operating Costs (OPEX) of $131.99/per tonne of ore

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This article appears in: Investing , Commodities
More Headlines for: CAPEX , NPV

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