Kinbauri Files Revised Scoping Study, Base-Case Values El Valle Project At $146,121,600

Kinbauri Gold Corp. has filed a revised Preliminary Economic Assessment (scoping) study, which values its 100% owned El Valle/CarlTs project, in Spain, at $146,121,600 using gold price of $750 and copper price of $2.50 with 10% discount rate. Expected production is 894,000 oz gold and 89,825,000 lbs. copper. The news release has alternate numbers based on current market values for both copper and gold, as well as a more in-depth summary of the report.

Currently, Kinbauri is up 3.5 cents to 43.5 cents, but its bid - ask is 40-41.5.

The company's Google Finance web page is here.

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