The share price now stands at C$0.15, giving the company a market capitalization of C$13.77 million.
The PEA, which uses only indicated resources of the project's North Zone, shows an after tax NPV8% discount rate of US$1.6 billion and IRR of 43%.
And views a potential 21-year mine life, with positive after-tax cash flow commencing in year 1 of operation. The free cash flow post tax is estimated to be about US$235/annum over the LOM.
The upfront capital costs are estimated in the PEA at US$574 million, with an estimated pay back of under two-years.
Voyager president and CEO Cliff Hale-Sanders said the results of the PEA "more than support" the company's ongoing efforts in progressing the development.
The feasibility study is scheduled to be completed in the first quarter of next year and Voyager will make a formal development decision "as quickly as possible", he said.
Mont Sorcier's annual production is targeted at about 5 million tonnes of iron concentrate grading about 65% iron with 0.52% V205 per tonne of concentrate.
"Located in an established mining region, Mont Sorcier has excellent access to existing infrastructure already in place, which reduces upfront capital requirements and shortens the development schedule," Hale-Sanders said.
"The production of premium 65% high grade magnetite iron concentrate with valuable vanadium credits in conjunction with the advantageous infrastructure, positions Mont Sorcier as one of the premier iron development projects in the world," he said.
