Nordic Iron Ore announces that the Blötberget Feasibility Study (undertaken by Golder Associates) has been completed. The study shows that the conditions are in place for a profitable mining operation.
The Feasibility Study shows, among other things, the following:
· An annual operating profit (EBITDA) of approximately USD 63 million (SEK 596 million) at full operation.
· Operating margin (EBITDA) of USD 702 million (SEK 6,640 million).
· Operating margin (EBITDA) of 44%.
· The repayment period for investment has been estimated at 5.6 years after the start of production.