Golden Independence Mining CEO Jeremy Poirier joined Steve Darling from Proactive to share news the company has released a strong independent Preliminary Economic Assessment on the company’s Independence project in Nevada.
Poirier sharing the numbers including after-tax NPVof 35 million with an IRR of 18% with a 1,700/oz gold and 24.00/oz silver price. Significant leverage to metal prices with after-tax NPV5% of US$45M and IRR of 22% at spot prices. Initial Capital of US$63 million including working capital and contingencies. The Mine life of 6.1 years using only 60% of the near surface resource.