Tiberon revises production forecasts

摘要

TIBERON MINERALS Ltd has revised its earnings forecast upwards for the Nui Phao fluorspar and tungsten project in northern Vietnam following a recent project update that highlights increased production volumes. The Toronto-based mining company which owns a 70 percent share in the project's operate the Nui Phao Mining Joint Venture Co. (Nuiphao Vica) said that it now expects the operation will produce an average 222,458 tonnes of by-product acid grade fluorspar. The company's July 2005 final feasibility study projected production to average 213,739 tonnes of fluorspar. The revised production volume translates into a 1 7.2 percent rate of return at "conservative commodity prices" used in the final feasibility study, and a 37 percent rate of return at current commodity prices.