Los Andes Copper (“LA”) has passed an important de-risking milestone with the release of positive results from the Vizcachitas Pre-feasibility Study (“PFS”). The study showed a solid NPV8% of US$2.77bn and IRR of 24% using a copper price of US$3.68/lb, with output averaging 153ktpa over a 26-year life. While the initial capex budget increased to US$2.44bn from US$1.87bn in the 2019 PEA, we see the project as considerably more robust in terms of permitting and execution risks with the introductio ....
