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 Address to refer: https://www.researchchannel.co.za/article/wallbridge-reports-positive-prefeasibility-results-on-fenelon-gold-property-2017-02-03
 Article Headline: Wallbridge reports positive prefeasibility results on Fenelon gold property
 Abstract: Junior explorer Wallbridge Mining on Thursday announced the positive results of a prefeasibility study (PFS) on its Fenelon gold mine, in Quebec, estimating a pre-tax net present value, at a 5% discount, of C$5.84-million. Wallbridge, which specialises in exploiting small high-grade deposits, advised that a large proportion of the resource was located close to existing underground workings at shallow depth. The Toronto-headquartered company says the PFS estimates a pre-tax net cash flow of C$6.62-million and a project pre-tax internal rate of return of 92% for the initial 18-month mine life, for the known reserves located above 100 m depth and close to the existing ramp.
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