UPDATED FEASIBILITY STUDY COMPLETED FOR THE SILVERMINE
· 35 % IRR, 30 M€ NPV (@ 8 %) (calculated with a silver-price of $ 21,5 /Oz Ag) · LOM CAPEX 32 M€ inclusive capacity-increase during year 3 · The Mine: 3.3 million tons mineral reserves · Payback: less than 3 years from production-start · Expected Life-Of-Mine according to the today’s reserves: 8-10 years · EBITDA-margin 46 % (first 4 years)Sotkamo Silver (NGM: SOSI) has completed an updated Bankable Feasibility Study for the company's Silver Mine-project in Sotkamo, Finland. The study shows acceptable profitability, even at silver-prices under current levels. Production is