Q3 2021 Ucloudlink Group Inc Earnings Call Transcript
And thanks very much for the Denver Gold Group to host us. Obviously, during these very difficult times. It's excellent to get back and on the circuit and to come back to some sense of normalcy. I will be making forward-looking statements throughout this presentation. So we have the North Island project, which is situated on Vancouver Island in British Columbia.
We're just adjacent to the BHP island copper mine. Our project boasts approximately a CAD1 billion project NPV and approximately 20% IRR as defined by our PEA released in March. We are approximately 62% copper at approximately 33% gold. So think of this as a medium-sized copper project with a massive gold credit.
Our objective is to rapidly develop this project in the most sustainable manner possible. We're situated in British Columbia, which is one of the top-tier jurisdictions in the world, not only for mining, but also for that sustainability threshold and permitting. So we really are focused and committed to ensuring that we go through the right steps to get this
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