Latest Breaking News On - Matsa resources - Page 7 : comparemela.com

An updated scoping study into the Devon Pit gold project, in Western Australia, has estimated that the project could produce some 39 000 oz of gold over a 16-month period. ASX-listed Matsa Resources on Wednesday said that based on a gold price of A$2 650/oz, the project would have a free cash flow of some A$37.1-million, could generate revenues of some A$100.5-million and would have an internal rate of return of 479%.

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