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Capstone Reports 2011 Prefeasibility Study for Kutcho Copper-Zinc Project, BC
Feb. 24, 2011 (Canada NewsWire Group) -- IRR 27%, NPV $155 million at a 10% discount rate an...
About this update from Capstone Copper Corp.
[{"type":"text","content":"\n\n\n Feb. 24, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIRR 27%, NPV $155 million at a 10% discount rate and a 3.4 year payback\n (after tax) \n\n\nVANCOUVER, Feb. 24 /CNW/ - Capstone Mining Corp. ("Capstone") (CS: TSX)\n today announced that its wholly owned subsidiary, Kutcho Copper Corp.,\n reports the results of the Prefeasibility Study ("2011 PFS") completed\n by JDS Energy & Mining Inc. ("JDS") on the Company's Kutcho Project\n located in north-western BC. By incorporating exploration drill results\n from 2008 and 2010 the 2011 PFS successfully converted much of the Main\n deposit and the Esso deposit mineral resources into a National\n Instrument 43-101 ("NI 43-101") reserve.  The 2011 PFS exhibits a 27%\n IRR (after tax) and a $155 million NPV (after tax) at a 10% discount\n rate.  Therefore, Capstone is proceeding with permitting and further\n engaging stakeholders in consultations regarding development.\n\n\nHighlights\n\n\nThe 2011 PFS increases the level of accuracy achieved by the 2010\n Preliminary Economic Assessment ("2010 PEA") regarding capital and\n operating expenditures and better quantifies the project's key economic\n indicators. It also identified several opportunities for optimization\n and further economic improvement. The following lists some highlights\n of the 2011 PFS (with all amounts in Canadian dollars unless otherwise\n stated):\n\n\n\nNI 43-101 reserve of 10.4 million tonnes w...