Stocks in play: Prophecy Development Corp

Announced results of a positive preliminary economic assessment study for its Gibellini vanadium project, designed to be an open pit, heap leach operation in Nevada’s Battle Mountain region, about 25 miles south of the town of Eureka. The PEA reported an after tax cumulative cash flow of $601.5 million, an internal rate of return of 50.8%, a net present value of $338.3 million at a 7% discount rate and a 1.72 years payback on investment from start-up assuming an average vanadium pentoxide price (V2O5) of $12.73 per pound. As of May 29, the price of vanadium pentoxide is $14.20 per pound according to www.asianmetal.com. Prophecy Development Corp shares T.PCY are trading up $0.33 at $11.62.