Cornish Metals reported the highlights of the updated Preliminary Economic Assessment of its South Crofty Tin project in Cornwall. The PEA returned an after-tax NPV8% of US$201m and 29.8% IRR at base case Tin price of US$31,000 /tonne, Pre-production capital requirement of US$177m and a 14-year mine life with average annual EBITDA of US$83m and 62.1% EBITDA margin in years two through six. This is a solid basis for further evaluation of the project and supports moving forward with additional pre ....
01 May 2024
Cornish Metals - South Crofty Updated PEA
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Cornish Metals - South Crofty Updated PEA
Cornish Metals Inc. (CUSN:LON) | 6.5 0 12.3% | Mkt Cap: 34.8m
- Published:
01 May 2024 -
Author:
Will Dymott -
Pages:
14
Cornish Metals reported the highlights of the updated Preliminary Economic Assessment of its South Crofty Tin project in Cornwall. The PEA returned an after-tax NPV8% of US$201m and 29.8% IRR at base case Tin price of US$31,000 /tonne, Pre-production capital requirement of US$177m and a 14-year mine life with average annual EBITDA of US$83m and 62.1% EBITDA margin in years two through six. This is a solid basis for further evaluation of the project and supports moving forward with additional pre ....