TSXV:EWK - Post Discussion
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Betteryear2 on Jul 20, 2023 2:06pm
EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT
VANCOUVER, BC, July 20, 2023 /CNW/ - Earthworks Industries Inc. (the "Company"), wishes to report that it has done a calculation of the net present value of the development of its integrated waste handling project at the Cortina Rancheria in Colusa County, California. The project is being developed by the Company's wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc. (CIWM). The calculation is based on a cash flow forecast comprised of all known variables that influence revenue expectations, operating and capital costs, regulatory and construction costs, and the time frames associated with them. These calculations, which cover a period of 25 years show the value of the project – using 7% and 5% discount rates, to be between $U.S. 158 million and $U.S. 202 million. EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA (newswire.ca)
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