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Ilovica still pretty at lower prices

Euromax Resources presented a mixed result from its full feasibility study for the Ilovica gold-copper porphyry project in Macedonia last week, with a fall in net present value balanced by an improved internal rate of return.

Ilovica still pretty at lower prices Ilovica still pretty at lower prices Ilovica still pretty at lower prices Ilovica still pretty at lower prices Ilovica still pretty at lower prices

Euromax looks set to blaze a trail for miners in Macedonia

The post-tax NPV (5% discount) is about 21% lower than the prefeasibility study from mid-2014 at US$440 million, largely because of reduced annual gold production and lower long-term gold and copper

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