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Be the first with the news that moves the market- Stratabound Minerals (SB) released positive results from the independent Preliminary Economic Assessment (PEA) on its Fremont Gold Project, located in California’s Mother Lode Gold Belt
- 11-year mine life projection at estimated 1,303,000 oz.
- After-tax net present value (NPV) of US$210 million
- Stratabound’s President and CEO, R. Kim Tyler, met with Shoran Devi to offer more insight on the PEA
- Stratabound Minerals is a mineral development company focused on projects in Canada and the U.S.
- Stratabound Minerals (SB) is unchanged trading at $0.06 per share
Stratabound Minerals (SB) released positive results from the independent PEA on its Fremont Gold Project.
The Fremont Gold Project is located in California’s Mother Lode Gold Belt.
With an 11-year mine life projection, the PEA estimates 1,303,000 oz. of gold at average annual production of 118,000 oz. Production is expected to peak in the fourth year with 157,000 oz.
Fremont has an after-tax NPV (discount rate 5 per cent) of US$210 million, an internal rate of return of 21 per cent, and payback of 4.2 years at a gold price of US$1,750/oz.
Stratabound’s President and CEO, R. Kim Tyler, met with Shoran Devi to offer more insight on the PEA.
Stratabound Minerals is a mineral development company focused on projects in Canada and the U.S.
Stratabound Minerals (SB) is unchanged trading at $0.06 per share as of 11:09 am EST.
