01
Mar
15:06
COPPER: Foran Mining releases FS on initial McIlvenna Bay project
Foran Mining says a feasibility study for the initial stage of its expanded and rescoped McIlvenna Bay copper-zinc project in Saskatchewan shows robust financial results, Kallanish reports.
The study shows a pre-tax net present value of CAD 1.49 billion ($1.17 billion) and an internal rate of return of 46% with current prices. Initial capital costs are CAD 368 million. The payback is 2.2 years. Base case economics outline a pre-tax NPV of CAD 678m and an IRR of 26…
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Very good overview of the weekly steel market.
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