RockBreaks – Idaho Copper Corp. (NYSE American: COPR) Announces Updated CuMo Project PEA With $1.88 Billion After-Tax NPV and 46-Year Mine Life
Idaho Copper (NYSE American: COPR) announced results of an updated preliminary economic assessment ("PEA") for its 100%-owned CuMo copper-molybdenum-silver project in Boise County, Idaho. The study outlines an after-tax net present value ("NPV") of $1.88 billion at an 8% discount rate, an after-tax internal rate of return ("IRR") of 18.5% and a payback period of 5.9 years. The project has an estimated 46-year mine life, with initial capital costs of $1.17 billion and an additional $658 million in expansion capital planned for year five. Average annual production over the first 21 years is projected at 41.6 million pounds of copper,…