CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Yukon-based junior Fireweed Zinc (TSXV: FWZ) filed a preliminary economic assessment today showing a pre-tax net present value at 8% of Can$779M and an internal rate of return at 32%.
Company stock was largely unchanged at $2.01 a share. The 52-week high is $2.12 and the low is 67 cents.
The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road.
Study highlights were the following:
Metal prices used for the study were $1.21/lb Zn, $0.98/lb Pb, and $16.80/oz Ag
“This first NI43-101-compliant PEA on the Macmillan Pass Project represents a significant step for the Company as we progress the Project towards production. Project economics in the PEA demonstrate that Macmillan Pass is not just viable at the zinc, lead and silver prices levels contemplated in the study, but highly robust,” commented Brandon Macdonald, Chief Executive Officer, in a news release.
“With consideration of the exploration upside not just at the known zones, but also within the broader land package, the Project is steadily shaping up to be a premiere district-scale zinc mining camp in the mining-friendly Yukon Territory.”
