Firma's Grace Point Mining Corp and MX Gold Corp Advance the Magistral Project towards Production - Seite 2

Magistral Project
Estimated Tonnage		1,200,000 Metric Tonnes
Gold Price		$1,200
Estimated Gold / Tonne		2.06 grams
Estimated Silver / Tonne		3.9 grams
Recovery Rate Gold		76%
Recovery Rate Silver		45%
Commercial Production (CP)		30,000 Tonnes per month
Free Cash Flow - Pretax / Quarter (CP)		$2,746,000 USD
Capital Required		$3,600,000 USD
Return of Capital		5 Months from startup
Life of Project (assumes no additional ore feed)		3.5 years
Total Free Cash Flow Generated (Pre-tax)		$37,888,000

Coinciding with the civil work and additional plant construction the company is in the process of making submission for the necessary permits & approvals that will cover the new plant design and increased throughput. The construction process is forecast to be 80% completed by September 2017, with the remaining 20% to be completed after the new permit has been received. It is expected that the plant can be completed and commissioning can begin in January 2018.