Project Highlights
High-grade, low-cost gold, copper, silver and zinc mine
Production projected to commence in late 2010 and return payable metals of :
1.06 Million Oz Gold | 9.4 Million Oz Silver | 734 Million Lb Copper | 1,075 Million Lb Zinc+10 years open pit mine modeled at 2 Mt per year of ore production
Fully financed through production
50% completed (February 2010)
Strong, ongoing support from the government of Eritrea, who independently purchased a 30% contributing interest in the Bisha Mine (to be paid for at start of production)
Positive Net Cash Flows in Q1 2011
Trading at a discount to Net Present Value/share
- Resource expansion remains open at depth and from nearby discoveries within the Company's licensed areas
PROJECT
