's () Peter Wale talks to Proactive London after releasing an update on the Cornish Redmoor project’s economics.
Wale explains that there are actually two elements to the report from mining consultants Wardell Armstrong International, an update on the mining schedule & also for the first time, an independent financial model.
Speaking about the results, Peter explains that the 2019 study gave them an IRR of 19% with an NPV of $94m – whereas this updated study using the same metal prices now delivers a much higher IRR of 29%, with a large rise in the NPV to US$128m, which he believes are both significant material uplifts.
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