09:48 AM EST - Osino Resources Corp. : Announced the results of the pre-feasibility study for Osino’s Twin Hills Gold Project, located in central Namibia and is rapidly being advanced through accelerated exploration drilling and fast-tracked development studies. NPV of US$783m (pre-tax) and IRR of 33% at 5% discount rate and US$1700/oz gold price. NPV of US$503m (post-tax) and IRR of 26% at 5% discount rate and US$1700/oz gold price. Overall capital cost of US$375 million (incl. US$41m contingency, US$22m capitalized pre-strip, US$20m solar plant and US$8m grid power). Capital estimate includes latest consumer prices and reflects the recent dramatic price escalations especially in steel, reagents, diesel prices and transport costs.
Osino Resources Corp.
shares V.OSI are trading unchanged at $0.60.
