How Big could Egina become? Given that QH mentioned that Egina could become a very big system, it becomes interesting to speculate on how big it could get...
I am basically drawing on the short note by HH.... basically about 7000 Oz/sq.km... and if we extrapolate to the 1000+ sq.km it should be about 7MOz or about 4MOz for Novo's 60% share... if they start mining within the next 12 months, the markets will assign atleast $400/oz and so Egina alone would be worth $1.6 B.. or about 5 times current M.Cap...
Is this way too simplistic..? maybe not. QH said the gold will become more coarse and hence grades would likely improve when they move upstream... lets see.... things seem to be falling in place.
Anyway, we shouldnt be surprised...why should Sumitome put 40M had they not been convinced of this story...?