NEW PEA IS ABOUT CANARIACO ECONOMICS & MOVING FORWARD NOW!
Today’s new PEA announcement is an exceptional source of technical information that clearly demonstrates Canariaco can be built using about half of the CapEx originally stated in the previous PEA. This is a Game Changer!!
Prior to this new PEA, Canariaco required capital that only a mega cap miner could provide, but now with a lower CapEx confirmed it widely opens the door to smaller or mid-tier producers.
The new PEA’s focus is really not about how much copper, gold, silver and molybdenum Candente has, because we already know how much they have (14 billion pounds Copper), but more about scalability and detailing how to unlock it, mining it, producing it, provide employment opportunities and do it all in the most effective and efficient ESG way possible.
The new PEA show’s Canaricao can be built now, with lower costs and greater efficiencies but can also be scaled up to a much larger throughput at any time; as detailed by the previous PEA.
The fact that a roaster is no longer required to reduce arsenic is in itself a game changer, as this significantly decreases the CapEx and OpEx costs and is much more environmentally friendly.
Again, dry stack tailings is another ESG game changer and only possible due to the nature of the waste rock and the minimal arsenic.
Candente Management is smart, they are now opened to options they could have never considered or accepted in the past.
They don’t need to prove the economics or viability of Canariaco to any partner or acquirer anymore as the new PEA has already set those parameters and a further feasibility study will only provide deeper analysis of the project information.
Candente is primed for a takeover or a partnership NOW!