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The latest announcement is out from Moon River Capital Ltd. ( (TSE:MOO) ).
Moon River Moly has released an updated preliminary economic assessment for its Davidson Molybdenum-Copper-Tungsten Project, outlining markedly improved economics driven by higher planned throughput and added revenue from copper and tungsten by-products. The study envisions a 20-year underground mine producing an average of about 13.2 million pounds of molybdenum, 1.5 million pounds of copper and 334,300 pounds of tungsten annually, with pre-tax and after-tax NPVs of $1.747 billion and $1.034 billion, respective IRRs of 42% and 32%, a 2.3-year payback, and initial capital costs of $672.3 million including contingencies. The project’s substantial measured, indicated and inferred resources suggest potential for a mine life extending beyond 100 years at a lower cutoff grade, while the planned use of underground processing, extensive tailings backfill, and low-carbon hydro-powered electric mining fleet is expected to minimize the environmental footprint and position Davidson as one of the lowest carbon-emitting molybdenum operations globally, reinforcing Moon River’s strategic standing in critical minerals development in Canada.
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. is a Canadian mineral development company focused on the Davidson Molybdenum-Copper-Tungsten Project near Smithers, British Columbia. The project targets molybdenum, copper and tungsten—metals on Canada’s Critical Minerals List—and is designed as an underground, low-surface-footprint operation using primarily battery-powered, electric mining equipment, benefiting from proximity to existing rail, road, power infrastructure and a hydro-electric grid in a mining-friendly jurisdiction.
Average Trading Volume: 37,500
Technical Sentiment Signal: Hold
Current Market Cap: C$18.05M
For a thorough assessment of MOO stock, go to TipRanks’ Stock Analysis page.