12:42 PM EST - Champion Minerals Inc. : announced positive results of the Preliminary Economic Assessment study on the Fire Lake North Project performed by BBA Inc. The report shows a Net Present Value of $1.637 billion at a cash flow discount rate of 5% based on an iron concentrate production rate of 7 million tonnes per year at a grade of 65% Iron. The internal rate of return for the project is 24.8%. Champion Minerals Inc.
shares T.CHM are trading up $.04 at $1.09.
