Average gold price over the last 5 years has been $1,200-1,250...

Average gold price over the last 5 years has been $1,200-1,250 an ounce (as below). For me I can't reconcile why the project would have been abandoned if AISC was that low. I have suspicions it's much more like $1,000-1,100. NB I have no technical data to prove this, it's simply an opinion based on past actions surrounding the resource.

As I have said before - if it's something near your numbers and they show they are achievable then this gets very interesting. Produce for a year or two and then double production capacity. Who wants a 15 year LOM. Start producing 400koz a year at $900/oz and drill out the resource and you have a billion dollar + company.

If numbers are more in my range you have an asset that's a good optionality play that will do well in a gold bull but might struggle in a lower POG environment. Hence costs being key.