LEXAM VG GOLD INC T.LEX

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[Wefelen69]

Lexam Announces Positive Preliminary Economic Assessment Results for the Open Pit Projects in Timmins
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/lexam-announces-positive-preliminary-economic-assessment-results-for-the-open#hvUmApMqeLlSjo2G.99

pea

Project Generates 32% IRR and C$33 Million NPV After-Tax; Cash Costs of US$865 per Ounce Gold

TORONTO, ONTARIO--(Marketwired - April 23, 2014) -

View here the press release in PDF format: https://www.lexamvggold.com/pressreleases/2014/2014_04_23_LEX_NR.pdf

Lexam VG Gold Inc. (the "Company", "Lexam") (TSX:LEX)(FRANKFURT:VN3A)(OTCQX:LEXVF) announces the results of a Preliminary Economic Assessment ("PEA") on its open pit gold projects in Timmins, Ontario, Canada. The PEA was initiated to assess the potential of Lexam's gold projects, which include the Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster properties. The study was completed by RPA Inc. ("RPA") of Toronto, Canada, and is based on the Company's June 2013 mineral resource estimate.

Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/lexam-announces-positive-preliminary-economic-assessment-results-for-the-open#hvUmApMqeLlSjo2G.99

Project Generates 32% IRR and C$33 Million NPV After-Tax; Cash Costs of US$865 per Ounce Gold

TORONTO, ONTARIO--(Marketwired - April 23, 2014) -

View here the press release in PDF format: https://www.lexamvggold.com/pressreleases/2014/2014_04_23_LEX_NR.pdf

Lexam VG Gold Inc. (the "Company", "Lexam") (TSX:LEX)(FRANKFURT:VN3A)(OTCQX:LEXVF) announces the results of a Preliminary Economic Assessment ("PEA") on its open pit gold projects in Timmins, Ontario, Canada. The PEA was initiated to assess the potential of Lexam's gold projects, which include the Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster properties. The study was completed by RPA Inc. ("RPA") of Toronto, Canada, and is based on the Company's June 2013 mineral resource estimate.

Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/lexam-announces-positive-preliminary-economic-assessment-results-for-the-open#hvUmApMqeLlSjo2G.99

Lexam Announces Positive Preliminary Economic Assessment Results for the Open Pit Projects in Timmins
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/lexam-announces-positive-preliminary-economic-assessment-results-for-the-open#hvUmApMqeLlSjo2G.99

[martinboy]

What does this exactly mean ? To build the mone would cost C$ 58 million (which LEX does not have). It will be low (or rather "medium")  cost mine ($ 865 .. is this "all-cash-costs included" ?), but what dies it mean C$ 33 mill of NPV ? Does not sound much to me, in fact very "tiny" in terms of gold mining ? I do not understand this news. Is it good or bad ?

[Wefelen69]

..several ideas possible waiting until GP will be mutch higher or RMC will do support the team... of a possible production of 100.000 oz in several years not so bad...