The resources were recently upgraded to 1.01 billion tonnes grading 0.82 grams per tonne gold for 26.6Moz gold and 9 million tonnes copper.
"While this is not ‘new' news we believe it will refocus the market on the upside inherent in Wafi-Golpu," MPW said in a report on Newcrest Mining, which shares ownership of the mine with Harmony Gold.
"With production commencing in FY16 [2015-2016 financial year] at the earliest, indicatively we believe the project has the ability to produce up to 1Moz of gold and 250,000t of copper per annum, which would make Wafi-Golpu a tier one project in anyone's book."
The analysts also expect a "flurry of positive news flow" surrounding Newcrest in mid-August when its financial year results will be announced. MPW forecasts an adjusted earnings result of $A1.05 billion.
