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On September 7, 2009, Northland announced that the Kaunisvaara Project was technically feasible and financially positive. Using a discount rate of 8%, the Project has a potential Net Present Value of USD 393 million and an Internal Rate of Return of 21.1%.
To access a copy of the report, please go to:
http://www.northlandresourcesinc.com/i/pdf/KaunisvaaraTechnicalReport.pdf
Or visit:
http://www.sedar.com/
For More Information, Contact:
Anders Hvide, Executive Chairman, Oslo: Tel. +47 92 88 98 58 Deborah Craig, Vice President, Northland Resources AB, Stockholm: Tel. +46 70 638 4300
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
SOURCE: Northland Resources Inc.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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