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Conroy Gold and Natural Resources

  • BY: Andrew Hore |
  • POSTED: 23/03/2012 |

Ireland-based Conroy Gold and Natural Resources has reported more positive drilling news from Clontibret.

If a mine is built at Clontibret in Monaghan then the payback could be two years.

The current resource is 600,000 ounces of gold. At a discount rate of 8% and a gold price of $1,372 an ounce the NPV is $72.3m. The mine life would be 11 years and this covers one-fifth of the Clontibret area.

At 2.88p a share, Conroy is valued at £7.22m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2012_30.pdf

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