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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: 0.34 AUD

ASX:G1A
Market: ASX
Market Cap: $128 m
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Full interview: Galena Mining ramps up surface infrastructure development at...

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux updates Proactive on increased surface infrastructure development activities at the Abra Base Metals Project in the Gascoyne region of WA. This forms part of a $15 million development works program. The work is being done prior to...

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