Whilst it is early days yet with this project, if it ends up being a resource similar to Wafi-Golpu, even if it is half the size, it will be something that only the majors can develop, they can develop mine plans to mine low grade/bulk tonnage resources like Wafi-Golpu.
Wafi is over 1km deep aswell, and I have seen some valuations thrown around for the Wafi-Golpu project of over $15 billion dollars, with project development costs of $4 billion, but the project feasibilities are still very healthy.
GOA Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
