Candente Copper (TSE:ATCU) has released an update.
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Alta Copper Corp. has released promising economic projections for the Cañariaco Project, forecasting an after-tax net present value (NPV) of US$2.3 billion and an internal rate of return (IRR) of 24.1%. The project, which is expected to produce significant quantities of copper, gold, and silver over its lifetime, also shows strong sensitivity to copper prices, with potential for substantial increases in value with rising metal prices. The company anticipates robust annual free cash flows once operations commence.
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