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http://proedgewire.com/rare-earth-press/ucore-assessment-loo… ... Ucore assessment looks good Posted on December 4, 2012 by Asher Berube December 4, 2012 (Source: Business Herald) — Ucore Rare Metals Inc.is moving closer to mining its rare earth property in Alaska. The Bedford company is reporting strong results from a preliminary economic assessment of the Dotson Ridge zone of its Bokan Mountain property in southeast Alaska. “The completion of this (assessment) is a key milestone in Ucore’s march to near-term (heavy rare earth element) production,” Jim McKenzie, the company’s president and chief executive officer, said in a recent news release. Tetra Techof Vancouver determined in the assessment that the Dotson Ridge area of the Bokan property has a net present value of $577 million at a 10 per cent discount rate, with a 43 per cent internal rate of return. Capital costs to mine the property, including the construction of a rare earth oxide separation plant, were pegged at $221 million. The assessment estimated the mine would have an 11-year lifespan at a mining rate of 1,500 tonnes per day, with an average 81.6 per cent total rare earth recovery. “In simple terms, the report says if we invest $221 million, we will return to our investors $95 million in profits every year for 11 years,” Mark MacDonald, Ucore’s vice-president of business development, said in an interview Monday. “It’s a very compelling economic assessment.” ... |
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| Autor (Datum des Eintrages): | Langstrumpf2 (05.12.12 09:54:47) |
| Beitrag: | 1,075 von 2,726 (ID:43892059) |
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