I was already before pretty, pretty interested, but no have
BOUGHT Them.
-The deposit showed to be amenable to bio-heap leaching;
-Throughput of 20 Mtpa;
-Copper recovery of 80%;
-Production of 35,332 tpa copper cathodes and 51,080 tpa copper sulfate;
-Copper price US $ 3.00 per lb:
- after-tax NPV US $ 957 million and IRR: 29.7%;
-Low Capex at US $341 million;
-Low-strip ratio at 1.41:1;
-After-tax payback: 4.23 years;
-Life of mine : 24 years.
Pierre Leveille, President & CEO of Deep-South stated that: "We are extremely encouraged by the results of our updated PEA: its economics have improved dramatically. Our base case model using a price of US $ 3.00 per lb shows an after-tax NPV of US $957million and an after tax IRR of 29.7%. Moreover, at a copper price of $3.50 per lb our Haib Copper project shows an after-tax NPV of US $ 1.3 billion and an after tax IRR of 42.1%. Of note, our current market capitalization is only 0.8% of this NPV. We are highly encouraged by the solid copper market outlook and with the funds in-hand we are confident that our coming exploration and development program will bring strong added value in 2021 and onward.”
http://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/
