Erdene Resource Development Corp reveals positive Feasibility update on Byan Khundii Project
–News Direct–
Erdene Resource Development Corp (TSX:ERD, OTC:ERDCF) CEO Peter Akerley joined Steve Darling from Proactive to share news the company has announced the results of an updated independent Feasibility Study for the open-pit Bayan Khundii Gold Project in southwest Mongolia.
Akerley telling Proactive the numbers have been much improved including after-tax Net Present Value of 170 million (NPV5%) and 35.3% Internal Rate of Return, increasing to US$196 million and 38.95% IRR, respectively, at the current gold price of US$1,900/oz.
Life of Mine Earnings Before Interest, Taxes and Depreciation of US$451 million, increasing to US$495 million at a US$1,900/oz gold price. Total recovered gold of 476,000 ounces, a 25% increase compared to the 2020 Feasibility Study from an average gol...