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Candente Copper Announces Positive Pre-Feasibility Progress Report
Jan. 18, 2011 09:30AM PST
Base Metals Investing Candente Copper Corp. (TSE:DNT) announces receipt from AMEC Americas Limited of a positive Pre-Feasibility Progress Report for its 100% owned Cañariaco Norte copper project in Northern Peru.
Candente Copper Corp. (TSX:DNT) announces receipt from AMEC Americas Limited of a positive Pre-Feasibility Progress Report for its 100% owned Cañariaco Norte copper project in Northern Peru.
The press release is quoted as saying:
Based on projected annual production of 262 million lbs of copper, 39,000 ozs of gold and 911,000 ozs of silver over a mine life of 22 years, the Cañariaco Norte project has an after tax net present value (“NPV”) of US$960.0M, and after tax Internal Rate of Return (“IRR”) of 17.7% using a long term copper price reverting to US$2.25 /lb and a discount rate of 8%.