10:38 AM EST - Auryx Gold Corp. : announced the results of the Preliminary Economic Assessment ("PEA") on the Otjikoto gold project in Namibia. Highlights Include: Pre-tax NPV of $301 million U.S. at a 5% discount rate and an IRR of 42% at a gold price of $1,300 U.S./oz and an exchange rate of Namibian Dollar 7.50 to the U.S. dollar. Initial capital costs of $130 million U.S. and ongoing capital of $15 million U.S. (assuming contractor mining). Average annual production of 109,000 ounces of gold over a 10-year life of mine. Auryx Gold Corp.
shares T.AYX are trading even at $0.65.
