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CAML puts Copper Bay on hold

Central Asia Metals (LN:CAML) has decided to hold off developing its 75%-owned Copper Bay tailings project in Chile after issuing less than impressive economics from a definitive feasibility study.

CAML puts Copper Bay on hold CAML puts Copper Bay on hold CAML puts Copper Bay on hold CAML puts Copper Bay on hold CAML puts Copper Bay on hold

The company is unlikely to keep spending money exploring Copper Bay in today’s copper price environment

A prefeasibility study in 2015 shed some light on the tailings recovery project at Chañaral Bay, but shareholders and the Central Asia Metals board were waiting on the DFS results before getting too