Sorry late reply @snakepitt, had a look and the main thing that stood out was a 150kozpa operation. Not many projects out there that have this potential. AISC will won't be super low with RR being the main feed but the low strip and UG feed will help.
Big mill at 3-4Mtpa. So bigger than DCN. Significant capital outlay.
I hate the valuation technique - its all based on production profile and I guess in a bull market thats what investors listen too.
Overall I see this as going much higher, sure Pattos seems to have sold into the announcement yesterday (big volume, no price movement) but today rise shows that demand > supply.
The big upside I see is those untested folds. Similar structures and lithology as RR. Bodes well.
24c target from Patersons, page-33
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