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Euromax improves Ilovica Cu-Au play

Euromax Resources (CN:EOX) could save US$42 million on overall capital expenditure for its Ilovica-Shtuka copper and gold project in Macedonia by abandoning the owner-operator model set out in its feasibility study, and another 10% through a plant redesign.

Euromax improves Ilovica Cu-Au play Euromax improves Ilovica Cu-Au play Euromax improves Ilovica Cu-Au play Euromax improves Ilovica Cu-Au play Euromax improves Ilovica Cu-Au play

It's no Betamax: Euromax says the Ilovica-Shtuka copper and gold project has a strong future

Edison Investment Research analyst Charlie Gibson said this week the two changes could add $0.07 per share to Euromax’s value, taking its target share price up to $0.73/share.

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