09:52 AM EST - Moneta Porcupine Mines Inc. : Announced the excellent results from the Company's Preliminary Economic Assessment of the South West deposit at its 100% owned Golden Highway Project located in Timmins, Ontario. The PEA study demonstrates robust economics and is based on a stand-alone, owner-operated mine and mill with an 11-year mine life which produced an after-tax Net Present Value of C$236 million using a 5% discount rate. The financial model shows an after-tax Internal Rate of Return of 30% and a capital payback period of 3.4 years. Moneta Porcupine Mines Inc.
shares T.ME are trading up $0.005 at $0.15.
