Great Western Minerals Releases "Positive" PEA Results for Steenkampskraal Rare Earth Project, South Africa; Shrs Near Yr Los
Great Western Minerals Group Ltd. (GWG.V), trading near a year low 19 cents, announced positive results from a Preliminary Economic Assessment of the company's Steenkampskraal rare earth element project that indicates strong potential for GWMG's integrated business model. Project highlights: $555 Million after-tax net present value applying a 10% discount rate and a 28% South African corporate tax rate; 66% after-tax internal rate of return; 4.3 year estimated Project payback period, on an after-tax basis, from start of underground mining production; 11 year potential life of mine.
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