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Interesting to see how a very "average" open pit gold project looks like at these gold prices. I used to be long WIA about a year or so ago and I sold for a double after correctly estimating a >2Moz resource at Kokoseb. Now they're projecting a slightly below 3Moz resource and for the PEA they're expecting an operation with 6:1 W:O ratio that produces 1.8Moz in 11 years at an AISC slightly below $1,500/oz. That seems like a relatively high AISC but since they're basing the PEA on $2,600/oz gold price the royalties are likely raising that number by $100/oz at least. NPV5% at $2,600/oz is $646M and $1,269M at $3,450/oz. Maybe closer to $1B NPV10% at today's gold price if I had to guess without doing any math.
Good data. I think the PEA is done with reasonable assumptions, the numbers look realistic and the company is run by trustworthy people. I'm not looking to reenter this stock but the information is helpful when considering other pre-resource or pre-PEA stage assets
