Wafi-Golpu and the Nambonga deposit, ore resources are around 1 BT @ 0.63g/t gold and 0.9% copper.
But ore body stands 700m below the surface, and underground mining will be used.
If their CAPEX is around $4.8B, what's the CAPEX cost for MGO at the same ore production annual rate at 25MT?
Yandera looks more like PNG's Ok Tedi Mine, which had been successfully open pit mining for 20 years and ore resources were estimated at 344 Mt grading at 0.88% copper and 0.92 g/t gold.
MGO Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held