finally a feasibility study at san luis. the irr and npv values look kinda low, but thats because they're working with $800 gold and 12.50 silver. then again, given the problems they've had at pirquitas, who knows what the real costs will be:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report the approval of the San Luis Feasibility Study for submission to the San Luis joint venture by its board of directors. The Feasibility Study estimates an internal rate of return of 26.5% and a net present value discounted at 5% of $39.2 million at base case prices of $800/ounce gold and $12.50/ounce silver. Capital expenditures are estimated to be US$90.4 million (+/- 15%) for a 400 tonne/day underground mine with average annual production of 78,000 ounces of gold and 1.86 million ounces of silver over its 3.5 year mine life.

The San Luis Project, located in Ancash, Peru, is owned by Reliant Ventures S.A.C., a joint venture of Silver Standard and Esperanza Silver Corporation. Silver Standard is the project operator. With the completion of the Feasibility Study, Silver Standard has now vested a 70% interest in the joint venture.

The joint venture will meet to consider and approve the Feasibility Study in no sooner than three months and no later than six months. Silver Standard has 60 days following the approval of the Feasibility Study by the joint venture to elect to increase its interest to 80% by paying all costs to place the project in production.

http://finance.yahoo.com/news/Silver-Standard-Reports-San-iw-1432114859.html?x=0&.v=1