World Copper Ltd (TSX-V:WCU, OTCQB:WCUFF). CEO Nolan Peterson joined Steve Darling from Proactive to share the positive results from their independent Preliminary Economic Assessment on the Escalones project in Central Chile.
Peterson telling Proactive the numbers include 1,499.6 million Post-Tax NPV at $3.60 /lb. The life of mine is 20 years. The Post-Tax IRR of 46.2% and Payback of 2.18 years. The report also detailed $2,279.1 million pre-tax NPV8, Pre-Tax IRR of 63.9%. Petersen also suggested the economics can improve with some more steps including expansion and improvement of the existing Escalones Mineral Resource Estimate and through refinement of metallurgical recoveries and processes.