from the comet drilling update:Cobre is aiming to prove up a...

  1. 837 Posts.
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    from the comet drilling update:
    Cobre is aiming to prove up a similar ISCR process to Taseko Mines Ltd’s (TSX:TKO, NYSE:TGB)
    Florence CopperDeposit([email protected]% Cu) and Copper Fox’VanDykeDeposit1
    ([email protected]% Cu) in Arizona which both share a similar scale to NCP

    The Net Present Value (NPV) for the Florence Copper project is a significant indicator of its financial viability. Recent Taseko Mines reports place the after-tax NPV at approximately US$930 million, using an 8% discount rate. This value is based on a long-term copper price of US$3.75 per pound. The project also boasts an internal rate of return (IRR) of 47% and a payback period of 2.6 years.

    And van dyke
    Pre-tax Net Present Value ('NPV') 7.5% of US$798.6 M
 
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4.3¢
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