Meridian Mining owns 2 high-grade Brazilian copper-gold projects, the flagship Cabaçal project and Espigão. The Cabaçal Preliminary Economic Assessment (PEA) provides for a base case after-tax NPV of an outstanding USD 573 million and an internal rate of return of 58.4% at a low cost of capital of USD 180 million. Work is currently underway on a pre-feasibility study. In addition to the high economic attractiveness, the exploration potential is enormous, which is why we are positive about the company.
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