Cornish Metals Inc. (TSE:CUSN) has released an update.
Cornish Metals Inc. has announced positive findings from their Preliminary Economic Assessment for the South Crofty tin project in Cornwall, confirming its economic potential with a projected $201 million after-tax Net Present Value and 29.8% Internal Rate of Return. The project, with a 14-year life span, is set to produce over 49,000 tonnes of high-grade tin concentrate and positions itself as a significant, low-cost tin supplier in Europe’s market. South Crofty’s robust financial outlook, coupled with existing infrastructure and permits through 2071, underscores its potential as a key player in the tin industry.
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