Oct. 17 at 5:59 PM
$HSTXF Today, Heliostar Metals announced the results of an updated study on the La Colorada Mine, demonstrating stronger project economics and resource growth: https://www.heliostarmetals.com/news-articles/heliostar-presents-stronger-economics-at-the-la-colorada-mine-in-updated-technical-report
The Base Case delivers a post-tax NPV5 of US
$66.2M, 24.4% IRR, and a 1.9x payback at US
$2.X,300/oz gold, while the Upside Case reaches US
$243.3M NPV5, 168.4% IRR, and an 8.4x payback at US
$3,500/oz. Initial CAPEX is reduced to US
$45M, down US
$9.4M from the prior study, and La Colorada’s Indicated Resources grew to 513k oz Au (0.79 g/t)—an increase of 62k oz.
More Info: https://www.reddit.com/r/InvestingCanada/comments/1o7qh2q/heliostar_metals_hstrv_hstxf_adds_third_rig_at/