Great Republic Mining Corp V.GRM

Primary Symbol: C.GRM

Great Republic Mining Corp. is a Canada-based exploration-stage mining company. The Company is engaged in the business of mineral exploration and the acquisition of mineral property assets. The Company is focused on developing economic precious and base metal properties of merit and conducting its exploration program on the Porcher Property. The Porcher Property group consists of over nine contiguous mineral titles covering an area of approximately 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometers southwest of the city of Prince Rupert on Porcher Island.

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Great Republic Mining Corp

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Comment by nigel89on May 13, 2010 9:28am

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Post# 17093933

RE: Looking good...

BZO: (Eldorado paid $122 million)

Highlights of the updated PEA include:

Estimated mine life of 13 years based on a processing rate of four million tons per year;

Average operating cash cost of $490 per ounce;

Net present value of $129-million, using a 5-per-cent discount rate and $900 per ounce gold;

Development capital expenditures of $239-million with a payback period of 6.25 years.

MDR:

                  PRETAX PROJECT ECONOMICS(1)(2)

                                  Net present value

Gold price                           (US$ million)            IRR   Payback
($US/oz)                           Discount rate (%)           (%)   (years)
                                       4.0%      6.0%      8.0%

$850(3)                        $237      $194      $157     25.9%       2.8
$975                             $363      $305      $256     35.4%       2.2
$1,100                         $490      $416      $355     44.1%       1.9