Jim Greig, President of Benchmark Metals (TSX.V:BNCH – OTCQX:BNCHF) joins us to recap the August 16th news release announcing the maiden Preliminary Economic Assessment (PEA) at the Lawyers Gold-Silver Project in the Golden Horseshoe in Northern BC.
The PEA is a big step in moving the project forward but there is still a lot of work to do. We have Jim recap some of the key numbers including after-tax NPV5% of C$577M, IRR 23.5%, 2.7-year payback, and initial capital of C$493M. We then look ahead to follow up work that can bring in the underground component of the resource, pit optimizing and further exploration work to continue to grow the resource and increase overall grade.
If you have any follow up questions for Jim at Benchmark please email us at either Fleck@kereport.com and Shad@kereport.com. Also please let us know your thoughts on the PEA.