Scotia Mine (EDM Resources) PFS: C$174M NPV, 69% IRR
Fancamp Exploration Ltd.'s Scotia Mine (EDM Resources) in Canada has a Pre-Feasibility Study (PFS) outlining a pre-tax NPV of C$174M, a pre-tax IRR of 69%, and initial capital of C$31M. The proposed mine plan runs 14 years.
Fancamp Exploration Ltd.'s Scotia Mine (EDM Resources) has reported Pre-Feasibility Study (PFS) results for the zinc project in Canada. The study headlines a pre-tax net present value of C$174M. It reflects Fancamp Exploration Ltd.'s (FNC.V) latest disclosed economics for the asset.
Economics. The pre-tax NPV is C$174M. Pre-tax IRR is 69%. Initial capital expenditure is estimated at C$31M.
Production and mine plan. Life of mine is 14 years.
Resources and ownership. The company holds a 10% interest in the project.
These figures are extracted from Fancamp Exploration Ltd.'s technical disclosures and reflect the most recent PFS on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Our Analysis
- IRR pre-tax
- 69%
higher than 88% of 289 projects we track
- NPV pre-tax
- C$174M
- Initial capex
- C$31M
18% of NPV
- Mine life
- 14yrs
At 69% pre-tax IRR, the project ranks in the top quartile of the 289 all commodities projects we track, and comfortably clears the ~15% after-tax return developers typically need to finance a build. Its pre-tax NPV is well above the company's market capitalisation (roughly 5x, on a currency-adjusted basis) — a wide gap that can flag value the market hasn't yet priced — though dilution, financing and permitting risk usually explain part of it. Initial capital runs to about 18% of project NPV, making it capital-light; funding that build is the central execution risk.
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.