Silver Tiger Metals (TSE:SLVR) has released an update.
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Silver Tiger Metals announced the filing of a Preliminary Feasibility Study for the El Tigre silver-gold project in Sonora, Mexico, revealing a promising after-tax net present value of $222 million and a 40% internal rate of return. The project is expected to have a 10-year mine life with an average annual production of 4.8 million silver equivalent ounces. Initial capital costs are projected at $86.8 million with a payback period of just two years.
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