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An announcement from Moon River Capital Ltd. ( (TSE:MOO) ) is now available.
Moon River Moly Ltd. has announced a Preliminary Economic Assessment (PEA) for the potential restart of the Endako Mine, highlighting a pre-tax net present value of $1.1 billion and a 46% internal rate of return. The assessment indicates robust economic potential with a 10-year mine life and annual production of 9.3 million kg of molybdenum. The project is expected to benefit from existing infrastructure and favorable mining conditions in British Columbia, positioning the Endako Mine to reclaim its status as Canada’s largest molybdenum producer.
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 Moly Ltd. operates in the mining industry, focusing on molybdenum production. The company holds a 25% interest in the Endako Mine, a significant molybdenum mine in British Columbia, Canada, which it jointly owns with Centerra Gold Inc.
Average Trading Volume: 55,699
Technical Sentiment Signal: Buy
Current Market Cap: C$24.57M
Learn more about MOO stock on TipRanks’ Stock Analysis page.