Red Hill Energy (CVE:RH) announced today that their 100% owned Ulaan Ovoo coal project in Mongolia received a positive pre-feasibilty study. The study shows at a coal price of $76US/tonne, an after tax and royalty NPV of $US250 million with a discount rate of 10%.
Red Hill Energy reports bulk sampling and open pit expansion program at its Ulaan Ovoo coal project, northern Mongolia. The program, which will be carried out under the supervision of Minarco-MineConsult Ltd. of Australia (MMC), will remove an approximate 5-tonne working section representative sample from the mine’s open pit. Prior to coal extraction, the coal seam’s [...]
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