They did a scoping study in 2007. Huge A$2.2b capex (2008) for the full shabang since it's in the middle of nowhere and needing infrastructure built (gas & power). That was based on 40kt nickel p.a and 3kt cobalt p.a mixed hydroxide production and a 40 year mine life.
So, in comes the starter pit strategy. The 15 pits contains an in-ground metal value of A$9.7b at current metal prices.
not holding my breath, but one would think this project at its current stage is worth maybe $50m or 5.5cps
Ann: Paterson Province Indigenous Land Use Agreement, page-29
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