6 Feb 2004resource reserve update▲ GoodMajor
MK Gold Company (the name on this filing; later filings use MK Resources) announced a new feasibility study for its Las Cruces copper project in Spain. The study puts mineable ore at 16.1 million metric tons at 6.53% copper (up from 15.8 million tons at 5.94% in the 2001 study) and capital cost at 281 million euros, with cash operating costs expected to average 0.33 euros per pound. The company says final engineering and project financing are expected to begin in the first quarter of 2004.