Stocks in play: Probe Gold Inc.
Announced positive results from the independent updated Preliminary Economic Assessment for its 100%-owned Novador Project (formerly known as Val-d’Or East) located near Val-d’Or, Québec. Robust economics: pre-tax net present value (“NPV”) of C$1.53 billion, post-tax NPV of C$910 million, pre-tax internal rate of return (“IRR”) of 34.4%, post-tax IRR of 24.4% at US$1,750 per ounce. At the current gold price of approximately US$2,000 per ounce, pre-tax NPV5% increases to $2.29 billion and pre-tax IRR increases to 47.8%. Probe Gold Inc. shares T.PRB are trading up $0.04 at $1.32.
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