Skeena Resources Limited (TSX VENTURE:SKE)announced a Canadian National Instrument (“NI”) 43-101 compliant Preliminary Assessment or Scoping Study for the Company’s Malpica copper-gold-molybdenum project in Sinaloa State, 30 km east of Mazatlan, Mexico.
The press release is quoted as saying:
Using a base case copper price of US$2.50 per pound and a base case gold price of US$825 per Troy ounce, the Study demonstrates that the Project yields an estimated, cumulative operating profit of US$323.27 million and an undiscounted, EBITDA Net Present Value (“NPV”) of US$200.86 million. At a copper price of US$3.00 per pound and a gold price of US$990 per Troy ounce the undiscounted, EBITDA NPV of the Project increases to $410.02 million and the EBITDA IRR increases to 66%.
