09:49 AM EST - Alabama Graphite Corp. : Announced the results of a positive Preliminary Economic Assessment for its 100%-owned flagship Coosa Graphite Project located in east-central Alabama. Initial Capital Expenditure was $43.2 million, with a payback period of 1.9 years (pre-tax) and two years (post-tax) from commencement of commercial production. Base-case pre-tax Net Present Value was $444 million, post-tax NPV $320 million (8% discount); pre-tax NPV of $329 million, post-tax NPV of $236 million (10% discount). Pre-tax Internal Rate of return was 52.2%; post-tax IRR of 45.7%. All amounts are in U.S. dollars. Alabama Graphite Corp.
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