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Stocks in play: Roxmore Resources Inc.
Reports the results of its Preliminary Economic Assessment for its 100% owned Converse Gold Project, located on the Battle Mountain - Eureka Trend in Nevada. After-Tax NPV5% of US$2.7 Billion, IRR of 43%, and payback achieved in 2.2 years at long term consensus gold price of US$3,600/oz. At a spot price of US$4,700/oz After-Tax NPV5% climbs to US$4.5 Billion, IRR of 60%, and payback achieved in 1.6 years at spot gold prices as at April 16. Roxmore Resources Inc. shares T.RM are trading up $0.22 at $5.60.
