Steel Guru reported Liberty Mines Inc (LSE:LMI) announced that a positive preliminary economic assessment has been completed for its Hart Project, a nickel deposit located in Timmins in Ontario.
As quoted in the market news:
The study predicted total life of mine production of 38,497,588 payable nickel pounds. Total gross revenue is estimated at USD 429.3 million using a USD 10 per pound nickel price. Estimated mining operating costs was pegged at USD 109.6 million or an average of USD 64.43 per tonne. Estimated Internal Rate of Return was set at about 23%.