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Copper contender MOD Resources is seeking funding of about US$180 million to develop the T3 project in Botswana, with the planned operation modelled to have a pre-tax NPV of over $355 million and an IRR of 33%.
The core issue now for MOD is finding funding for T3
Those numbers are generated using a long term copper price of US$3.08 per pound and an 8% discount rate.
New copper mine performing well while new mineralisation found at MATSA
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