The News is out...looks good should add .30 cents to TV
Trevali Mining releases Caribou NI 43-101 PEA
2014-05-13 16:14 ET - News Release
Mr. Mark Cruise reports
TREVALI REPORTS PRELIMINARY ECONOMIC ASSESSMENT OF CARIBOU ZINC-LEAD-SILVER MINE IN NEW BRUNSWICK
Trevali Mining Corp. has released the results of the independently prepared preliminary economic assessment (PEA) for its wholly owned Caribou zinc-lead-silver mine and mill complex, located in the Bathurst mining Camp of New Brunswick, Canada.
The base case PEA indicates positive economic results for the Caribou underground mining operation and mill complex with a pre-production capital expenditure of $36.3 million, a post-tax Internal Rate of Return ("IRR") of 56.9%, post-tax Net Present Value ("NPV") of $106 million at a 5% discount rate, and average annual payable production of approximately 93 million lbs. zinc, 32.5 million lbs. lead, 3.1 million lbs. copper, 730,000 ozs. silver and 1,500 ozs. gold (Table