Looks like Sisson Brook will be a go based on Zone III alone. Zones 1 and 2 and the new East Flank zone will be gravy.

Highlights:

$353M capital costs but with a payback period of only 2.7 years

$693M pre-tax NPV

29.8% IRR - normally anything over 20% would be considered highly acceptable

Moly at $21.60/lb - presently over $30/lb with some predicting $50/lb for part of the near-term future

Tungsten at $8/lb

6.8 million tonnes per year - 15-20 year minimum life to the mine.

Strip ratio 1.1:1 - essentially no waste here- it's mostly ore to process

$9.16/tonne operating costs - anything above this is pre-tax profit.

No royalties owing to Champlain - the get their money from 30% of the profit only.