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Bluebird Merchant Ventures ( (GB:BMV) ) has provided an announcement.
Bluebird Mining Ventures Ltd has announced a reinterpretation of the economics of its Pre-Feasibility Study for a gold project in the Philippines. The updated analysis, conducted by Dr. Green of Optimo Capital Ltd, uses a conservative gold price and increased cost inputs, resulting in an improved internal rate of return (IRR) of 44% and a net present value (NPV10) of $70.5 million. The company plans to focus on a smaller project footprint with higher-grade ore zones, anticipating further economic improvements as part of the upcoming Declaration of Mining Project Feasibility work.
More about Bluebird Merchant Ventures
Bluebird Mining Ventures Ltd is a pan Asian gold project development company operating in the mining sector, with a focus on developing gold projects across Asia.
Average Trading Volume: 2,280,828
Technical Sentiment Signal: Sell
Current Market Cap: £4.6M
For detailed information about BMV stock, go to TipRanks’ Stock Analysis page.