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An announcement from Blue Moon Metals ( (TSE:MOON) ) is now available.
Blue Moon Metals Inc. has announced the results of a Preliminary Economic Assessment (PEA) for its Blue Moon VMS deposit, indicating a robust after-tax internal rate of return (IRR) of 38% and up to 48% using spot prices. The assessment suggests the development of an underground mine with onsite production, projecting significant economic benefits such as a net present value (NPV) of up to $340 million and a payback period as short as 1.9 years. This announcement positions Blue Moon favorably within the mining sector, potentially enhancing its operational capabilities and offering promising returns for stakeholders.
More about Blue Moon Metals
Blue Moon Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary products include zinc and copper concentrates, with a market focus on the production of saleable minerals from its Blue Moon VMS deposit located in Mariposa County, California.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16M
See more data about MOON stock on TipRanks’ Stock Analysis page.