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Galena Mining Ltd

Galena Mining's Abra project has NPV 8 times greater than market cap following PFS

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux updates Proactive Investors on the base metals-focused company’s Abra Lead-Silver Project which has had its world-class potential confirmed through a recently completed pre-feasibility study.
 
The PFS outlines a 14-year mine life producing a high-value, high-grade lead-silver concentrate containing 91,000 tonnes of lead and 760,000 ounces of silver annually after ramp-up.
 
“We all know that when projects go into the construction phase and they get commissioned, if they get commissioned well and the work is done right, there’s a huge re-rating in the value of the stock,” Molyneux says.
 
He continues, “ïn our case our NPV (net present value) has come out at a level that is 8 times the current market cap of the company, we’re on track with our development milestones, I think that’s an opportunity and I’m certainly excited about it myself.”

Quick facts: Galena Mining Ltd

Price: $0.35

Market: ASX
Market Cap: $127.58 m
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Galena Mining moves Abra Base Metals Project into development phase after...

Galena Mining Ltd (ASX:G1A) managing director Alexander Molyneux updates Proactive Investors on the company’s development work at its Abra Base Metals Project in Western Australia.   Molyneux said the definitive feasibility study for the lead and silver project was on track for...

on 2/5/19

2 min read