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PFS confirms US$2B NPV for Argentina copper-gold project

Vancouver-based NGEx Resources (TSX:NGQ) has highlighted an after-tax NPV of US$2 billion and 18.6% IRR in a pre-feasibility study on its 100%-owned Josemaria copper-gold-silver project in Argentina's San Juan province.

PFS confirms US$2B NPV for Argentina copper-gold project PFS confirms US$2B NPV for Argentina copper-gold project PFS confirms US$2B NPV for Argentina copper-gold project PFS confirms US$2B NPV for Argentina copper-gold project PFS confirms US$2B NPV for Argentina copper-gold project

NGEx Resources has published a positive PFS on its 100%-owned Josemaria project, Argentina

Based on a US$3 per pound copper price and $1,300/oz gold, the study calculated an after-tax net present value, at an 8% discount rate, of US$2 billion (C$2.