RE:RE:RE:RE:RE:RE:RE:graphnot sure where the IIR of <20 comes from. he PEA is clear....
"
The PEA outlines the design of a 1,200 tonne per day (“tpd”) underground mine producing 106,200 ounces of
payable gold annually for 7.8 years at an average total cash cost of $558/oz of gold (US$480/oz). At a base case
gold price of US$1,200/oz the project has a pre-tax internal rate of return (“IRR”) of 23.6% and a pre-tax net
present value discounted at 5% (“NPV5”) of $241.4 million. Initial project capital costs are estimated at
$240.6 million. Eagle Hill intends to complete a pre-feasibility study for the Windfall Lake project by 2017. Next
steps include extending the existing ramp and taking a bulk sample, drilling both from surface and underground
with the objective of expanding and upgrading the quality of the resource and testing continuity of grade, and
finalizing the various studies required for a pre-feasibility study."