Crazy Horse Resources Inc.: New PEA Increases Post Tax IRR to 29.3%
Investing News Network - 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. 