24
Nov
14:37
RARE EARTH: Defense Metals gets 'robust' PEA on Wicheeda project
Canada-based Defense Metals is announcing a positive preliminary economic assessment (PEA) and an updated mineral resource estimate for its Wicheeda rare earth project in British Columbia, Kallanish reports.
The project has a pre-tax net present value of CAD 765 million ($602.7m) and after-tax NPV of CAD 512m at an 8% discount rate. The pre-tax internal rate of return is 20% and the after-tax IRR is 16%. The capital payback is five years.
Revenues are projected …
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Very good overview of the weekly steel market.
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