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Blue Moon Metals ( (TSE:MOON) ) has issued an announcement.
Blue Moon Metals has completed a new feasibility study for its Nussir underground copper project in northern Norway, confirming measured and indicated resources of 28.72 million tonnes at 1.20% copper equivalent and proven and probable reserves of 24.98 million tonnes at 0.99% copper equivalent. The study outlines a 13-year mine life with planned mill throughput of 6,000 tonnes per day and life-of-mine average annual production of 19,000 tonnes of copper equivalent, including gold and silver credits.
The project generates an after-tax net present value of $235 million at an 8% discount rate using consensus metal prices and an after-tax internal rate of return of 19%, supported by average annual free cash flow of about $77 million and initial capital costs of $184 million. Blue Moon has already advanced basic engineering, committed to long-lead process plant equipment and key electrical infrastructure, and spent roughly $46.7 million on development, moving the project toward a potential production decision and hot commissioning targeted for the third quarter of 2027.
The most recent analyst rating on (TSE:MOON) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Blue Moon Metals stock, see the TSE:MOON Stock Forecast page.
Spark’s Take on MOON Stock
According to Spark, TipRanks’ AI Analyst, MOON is a Neutral.
The score is primarily held down by very weak financial performance (pre-revenue, sharply widening losses, and substantial cash burn), partially offset by strong technical momentum (price well above major moving averages with positive MACD, though RSI is overextended). Valuation remains challenged due to ongoing losses and no dividend support.
To see Spark’s full report on MOON stock, click here.
More about Blue Moon Metals
Blue Moon Metals is a base metals developer focused on advancing its Nussir copper project in northern Norway. The company targets long-life, underground copper production with meaningful gold and silver by-products, positioning itself to benefit from sustained demand for critical metals in global energy transition and industrial markets.
Average Trading Volume: 224,422
Technical Sentiment Signal: Buy
Current Market Cap: C$690.2M
For detailed information about MOON stock, go to TipRanks’ Stock Analysis page.