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Prefeasibility Gives Sunridge’s Eritrea project $555m Net Present Value

Sunridge will enter production by 2016 after building a central mill for the four deposits at a cost of $489m

By Matthew Hill,

TSX-V- and ASX– quoted Sunridge Gold’s Asmara project in Eritrea has the potential to produce 25,900 t of copper and 61,800 t of zinc yearly, in addition to silver and gold, the company said on Wednesday, announcing the results of a prefeasibility study.

At a 10% discount rate, the project has a $555-million pretax net present value, will cost $489-million to build, and will achieve capital payback in 3.5 years, the Vancouver-based miner said. Continue reading Prefeasibility Gives Sunridge’s Eritrea project $555m Net Present Value