The project has an after-tax NPV (8%) of $930 million at a copper price of $3.75 per pound.
The NPV is based on a March 2023 Technical Report for the project, supported by results from the successful operation of a production test facility.
When commercial operations begin, it can produce 85 million pounds of copper yearly for over a 22-year mine life, costing $1.11 per pound.
Price Action: TGB shares are trading higher by 16.9% to $1.52 on the last check Thursday.
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