Compliance Energy Corporation (TSXV: CEC) – Positive pre-feasibility results – Cash and marketable securities alone account for $0.23 per share
- Pre-feasibility study (PFS) completed for the Raven underground coal mine on Vancouver Island. On a 100% basis, the pre-tax NPV at an 8% discount rate is $201.9 million. The pre-tax Internal Rate of Return is 20.7%.
- Under the current conceptual plan, construction of infrastructure would begin in 2012, with the first shipment of coal commencing in 2013.
- 1.88 Mt of raw coal is to be processed on-site per year resulting in total average production of 0.83 Mt of saleable semi softmetallurgical and thermal middlings coal per year.