After Tax IRR of 43% and NPV of $170.1 Million
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/12/11 -- AMERICAN VANADIUM CORP. ('American Vanadium' or the 'Company') (TSX VENTURE: AVC)(PINK SHEETS: RMRCF)(FRANKFURT: 0UA) is pleased to announce positive Feasibility Study results for its 100% owned Gibellini Vanadium Project, located in Eureka County, Nevada. The Feasibility Study reported an after tax cash flow of $275.7 million, an internal rate of return of 43%, net present value of $170.1 million at a 7% discount rate and a 2.4 year payback on investment from start-up. The Feasibility Study was prepared by AMEC E&C Services, Inc. ('AMEC') of Sparks, Nevada.
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