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To: Chunger who wrote (5468)

2/27/2014 5:06:03 PM

From: Chunger

Read Replies (2) | Respond to of 203398

SBR.TO....

Silver Bear Resources (T.SBR) jumps 38% on Mangazeisky PEA update

Gaalen Engen, Stockhouse.com

0 Comments| 5 hours ago

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Silver Bear Resources ( TSX:SBR, StockForum), a Toronto-based firm engaged in the evaluation, acquisition, exploration and development of Russian silver properties, announced an update today to its Preliminary Economic Analysis (“PEA”) at its Mangazeisky Silver Project located in Yakutia, Russia.

According to the news release, updates included a post-tax internal rate of return of 63% at $20 per ounce silver forecast price with initial capital costs for the project expected to hit $39.0 million.

It went on to note that the net present value of the project is US$129.9 million at a 5% discount rate with a projected average head grade for the first five years of 911 g/t Ag.

The company also expects that the Mangazeisky Silver project will have a 19 year life and will average 2.6 million ounces of silver annually for the first five years.

Silver Bear was in the news recently when the company welcomed Anastasia Gracheva to its Board of Directors.

Shares shot up 38.46% on the news to $0.18 per share.

Currently there are 94.9m outstanding shares with a market cap of $17.1 million.

Read more at http://www.stockhouse.com/news/natural-resources/2014/02/27/silver-bear-resources-t-sbr-jumps-38-on-mangazeisky-pea-update#6DfSCWfi06Q13eh0.99