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Great Western Minerals Down 10%, at New Yr Low

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.

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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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