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An announcement from Moon River Capital Ltd. ( (TSE:MOO) ) is now available.
Moon River Moly Ltd. has announced positive initial results from an ore-sorting study conducted by Ganzhou HPY Technology Co. Ltd. on the Endako Mine Complex. The study suggests that incorporating ore sorting could significantly enhance the feed grade to the processing plant, potentially improving operational efficiency and reducing environmental impacts. The results are promising, with metal retention rates of approximately 88.6% using XRT technology and 80.7% with HPY’s Photon Series Sensor. These findings could play a crucial role in the feasibility of resuming operations at the Endako Mine Complex, which has been on care and maintenance since 2015.
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 the exploration and development of mineral resources. The company holds a 25% interest in the Endako Mine Complex, an open-pit molybdenum mine located in British Columbia, Canada, in partnership with Thompson Creek Metals Company Inc., a subsidiary of Centerra Gold Inc.
Average Trading Volume: 13,869
Technical Sentiment Signal: Sell
Current Market Cap: C$9.89M
See more insights into MOO stock on TipRanks’ Stock Analysis page.