Crazy Horse Resources Inc.: New PEA Increases Post Tax IRR to 29.3%

- November 14th, 2011

Crazy Horse Resources Inc. (TSXV:CZH) has finished a study of the Taysan Copper-Gold Porphyry Project in Batangas Province on Luzon Island in the Philippines.

Crazy Horse Resources Inc. (TSXV:CZH) has finished a study of the Taysan Copper-Gold Porphyry Project in Batangas Province on Luzon Island in the Philippines.

As quoted in the press release:

Highlights:

  • Taysan Copper-Gold Porphyry Project reoriented as a staged development, reduces initial investment, increases profitability and enhances robustness.
  • Initial capex reduced by 41% from US$869 million to US$511 million.
  • Post tax IRR increases by over 33%, from 21.9% to 29.3% based on US$3.00/lb copper and US$1,000/oz gold prices.

Click here to read the Crazy Horse Resources Inc. (TSXV:CZH) press release.

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