Mason Res Corp MSSNF

"Mason Resources Corp is a mining company. It is engaged in the copper exploration and development in the U.S.A. Its key project is the Ann Mason Project located in the Yerington District of Nevada."

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Mason Res Corp

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Post by jmlguyon Jun 14, 2011 10:00am

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Post# 18711842

Here it is. Street seems not to care.

PRELIMINARY ASSESSMENT ON MEASURED, INDICATED AND INFERRED RESOURCES AT ÇORAK AND TAÇ DEPOSITS

Undiscounted pre-tax Net Cash Flow of US$343 M and US$233 M, using one year and two year historic metals prices respectively
Net Present Value (before tax and interest) of US$251 M and US$165 M using one year and two year historic metals prices respectively
In-pit, contained Indicated resources of 13.7 Mt, 856,000 oz gold, 97 Mlb of zinc, and 30 Mlb of copper and 38 Mlb of lead. In-pit Inferred resources total 0.7 Mt, 48,000 oz gold, 6 Mlb of zinc, and 2 Mlb of copper and 2 Mlb of lead using metal prices of US$1,000/oz gold, US$2.75/lb copper, US
.85/lb lead,
.90/lb zinc and US$16.00/oz silver for the base case optimization
Two stage mining with Çorak pit being exploited first followed by the Taç deposit
Initial Capital Expenditure of $125 M (including a 25% contingency)
Projected mine life of 7.2 years and average annual production over mine life 94,500 oz Au.
Project 100% owned by Mediterranean Resources
Located in a favorable mining jurisdiction
Extensive unexplored territory