QualityStocksNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Releases Positive PEA Results for Driftwood Creek Magnesium Project
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning released the results of a maiden Preliminary Economic Assessment ("PEA") on its wholly-owned Driftwood Creek Magnesium Project in British Columbia, Canada. Among other highlights, the results include a pre-tax net present value (“NPV”) of C$529.8 million and a 24.5% internal rate of return (“IRR”). The PEA study was prepared by AKF Mining Services Inc., Tuun Consulting Inc., Samuel Engineering Inc. and will be available on the company's website within 45 days. "We are extremely pleased with results of the PEA, which display Driftwood’s ability…