Tag Archives: net present value

Sunridge Increases Post-Tax Value for the Asmara Project

Good for Sunridge. The after-tax Net Present Value (“NPV”) of the Asmara Project is now $83m higher
Good for Sunridge. The after-tax Net Present Value (“NPV”) of the Asmara Project is now $83m higher

By Sunridge Gold,

SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to report that it has received updated values from the financial model for the Asmara Project Feasibility Study (the “Study”) which increased the Base Case post-tax net present value (“NPV”) from $345 million to $428 million.

The increased numbers are based on the Company receiving clarity on the tax laws of Eritrea, specifically the application of historic expenditures and depreciation in the financial model. The pre-tax value of $692 million for the Study remains unchanged. The results of the Study were initially reported on May 28, 2013 and amended on August 21, 2013.  Continue reading Sunridge Increases Post-Tax Value for the Asmara Project

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