Josemaria Resources Inc. (TSX: JOSE) (OTC: JOSMF) Feasibility Study on Flagship Project Yields Bright Future in Copper, Gold
Josemaria Resource’s flagship copper-gold-silver Josemaria Project is located in Argentina’s San Juan province Company has recently published its NI 43-101 compliant feasibility study on the project Mine expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life Study indicates $1.53 billion after-tax Net Present Value at an 8% discount rate, 15.4% Internal Rate of Return at metal prices of $3.00 per pound copper, $1,500 per ounce gold, $18 per ounce silver The Josemaria Project return increases to $US2.3Bn After-Tax NPV8 and 18.5% IRR as calculated by metal prices on November 12,…