Graphite One Resources

12:33 PM EST, 01/25/2017 (MT Newswires) -- Graphite One Resources Inc. (GPH.V) is down nearly 14% after announcing the results of its Preliminary Economic Assessment for its 100%-owned Graphite One manufacturing project.

The PEA projects a Net Present Value of US$1.037 billion using a 10% discount rate, with an Internal Rate of Return of 27%. Annual production of CSG and other graphite specialty materials is projected at 55,350 metric tonnes when full production is reached in Year 6. A minimum of 40 years of indicated and inferred resources grading 7% Cg (graphite) have been identified in the target exploitation zone to sustain full scale operations, notwithstanding additional potential resources immediately outside the target zone or the broader Graphite Creek property.

Price: 0.095, Change: -0.015, Percent Change: -13.64