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An update from Moon River Capital Ltd. ( (TSE:MOO) ) is now available.
Moon River Moly Ltd. has announced advancements in metallurgical, engineering, and ore particle-sorting assessments at its Davidson Molybdenum Project and Endako Mine. The company plans to release Preliminary Economic Assessments (PEAs) for both projects within 90 days. At Davidson, the PEA will include new estimates for copper and tungsten recoveries and the use of OPS technology to improve mining efficiency. The Endako PEA will explore the potential restart of operations, leveraging over 50 years of historical data. Positive results from these assessments could lead to a Feasibility Study for Endako, with pilot-scale testing of ore samples already underway.
The most recent analyst rating on (TSE:MOO) stock is a Buy with a C$2.20 price target. To see the full list of analyst forecasts on Moon River Capital Ltd. stock, see the TSE:MOO Stock Forecast page.
More about Moon River Capital Ltd.
Moon River is a Canadian-based resource company focused on the acquisition, exploration, and development of mineral projects. The company is primarily focused on the development of the Davidson Property, which hosts a large molybdenum-copper-tungsten deposit near Smithers, British Columbia. Additionally, Moon River holds a 25% stake in the Endako Mine Complex, one of the largest molybdenum mines in North America, also located in British Columbia.
Average Trading Volume: 54,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$20.24M
Find detailed analytics on MOO stock on TipRanks’ Stock Analysis page.