interesting x trade

12:05, Thursday, 10 November 2005

Sydney - Thursday - November 9: (RWE Australian Business News) -
Vulcan Resources Ltd (ASX: VCN) reports the completion of its
Pre-Feasibility Study on the 100% owned Kylylahti Copper Project in
eastern Finland.
The Study highlighted that at Pre-Feasibility levels of
confidence, Kylylahti is an attractive project with total revenues of
A$900 million over 10 years and net operating cash flow of A$430
million.
A stock that must be followed:

The project is robust and retains significant upside.
The Study reviewed a number of processing options with the
preferred route providing outstanding returns with an NPV of A$120
million and an IRR of 31%.
Given these excellent results the Board of Vulcan has approved
progressing the Kylylahti Feasibility to full Bankable status.