Well that is a bit disappointing with just 14.7% IRR and pre-tax at that. Based on $4/lb which now seems too optimistic (even if that is arguable).
All on a day when CYM drops 18% to 9c with an IRR of 37% post tax from its BFS for Nifty.
Ann: Pre-feasibility Study - Caravel Copper Project, page-2
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