Surefire Resources NL (ASX:SRN) MD Paul Burton speaks with Proactive following news the company has completed a pre-feasibility study (PFS) for the Victory Bore Vanadium Project on time and on-budget, supported by METS Engineers, Snowden-Optiro and other key specialists. The PFS, which he describes as outstanding, lays out a pre-tax net present value (NPV10%) of A$1.708 billion, with an internal rate of return (IRR) of 42.22% and a life of mine (LoM) of 24 years. Those numbers add up to a pre-tax payback period of 2.4 years, based on a capital cost of A$767 million and operation expenditure of US$254 per tonne of concentrate.
Surefire Resources says PFS shows Victory Bore is world-class vanadium project
