U.S. Gold Corp. Announces Updated Copper King Economics Showing NPV of $321.6 Million and IRR of 52%
ELKO, Nevada, March 24, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it has internally updated the economics of the Copper King deposit to reflect the recent rise in gold prices.
- ELKO, Nevada, March 24, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it has internally updated the economics of the Copper King deposit to reflect the recent rise in gold prices.
- Mine Development Associates' (MDA) Preliminary Economic Assessment (PEA), dated December 5, 2017 which was based upon $1275 gold and $2.80 copper prices.
- Gold prices have risen substantially since the Copper King PEA was published.
- U.S. Gold Corp. used $1600 gold and $2.80 copper for its internally updated economic calculation, which was completed in early March, 2020.