Article in 2016 to remind us what this is https://www.miningnews.net/resourcestocks/news/1249031/undeveloped-copper-projects 9. King King Owner: St Augustine Gold and Copper 60%; NADECOR 40% Country: The Philippines The King King development took another step towards development in January this year when the government approved the last remaining permit for the $2 billion copper-gold project in Mindanao. copperkingkingtable This allows partners Nationwide Development Corporation (NADECOR) and St Augustine to get out the big toys and start building as soon as they can find the necessary capital. St Augustine CEO Paolo Villar rightly recognised the importance of the moment, labelling the permit as the last significant hurdle to be cleared and suggesting it was the companys most significant milestone to date. Thats a reasonably big call as previous milestones included the building of a 1.86Mt copper reserve with a handsome 7.85Moz of gold. A 2013 PFS determined production in the first five years would be 120,000tpa of copper and 360,000ozpa of gold, the latter holding the key to the developments negligible production costs when considered as a purely copper operation. A feasibility study is pending, as is finance, but the plan is to be heap leaching by 2018 and milling rock the year after. King King is a balancing act between its massive capex bill plus modest resource size and grade only in present company against its exceptional operating cost base and production profile. Tipping the scales among risk-averse investors may be its questionable address.