09:49 AM EST - Arianne Phosphate Inc. : announced the positive results of the feasibility study for its Lac à Paul Phosphate Rock Project, located north of Saguenay-Lac-Saint-Jean in Quebec. Highlights: Net Present Value of $1,910.1 million U.S. at an 8% discount rate. Gross revenue, in real terms, was $16,124.8 million U.S. and operating cash flow was $7,379.6 million U.S. Internal Rate of Return of 20.7% with a capital payback of 4.4 years before taxes and mining duties. The report also found a 25.75-year mine life (excluding pre-production) with an average annual phosphate concentrate production of three million tonnes with a grade of 38.6% P2O5 and with average mill recovery of 90.0% Arianne Phosphate Inc.
shares V.DAN are trading up $0.11 at $1.36.
