Firestone Ventures Inc. (TSXV:FV) announced the results of the PEA for its Torlon Hill Zinc-Lead-Silver Project in Guatemala.
As quoted in the press release:
ProMet Study Base Case Highlights
- After-tax and after-royalty Net Present Value (“NPV”) at a 5% discount rate of US$45.4 Million and an after-tax Internal Rate of Return (“IRR”) of 97% that assumes expenditure and commissioning happen in the same year,
- Payback of 1.2 years after tax and after plant start-up,
- Initial capital cost (“Capex”) of US$26 Million over a 12-month development period.
Firestone`s President and CEO, Pamela Strand, said:
The operation outlined by this PEA for the Torlon Hill Project indicates the potential for a fast track to market approach for our zinc project. The projected NPV, net cash flows, and relatively low capital costs arise from Firestone’s advantages, including a deposit near significant infrastructure (including the Pan American highway, multiple ports and future hydro power). Our results to date, coupled with this engineering study make a compelling case for expediting the development of the Torlon Hill Project.