WAF 4.71% $1.45 west african resources limited

Mines and Money, page-10

  1. 1,044 Posts.
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    A few takeaways from me:

    1) Year 1 looks to be starting Q4. Seems plant was 2 months ahead of schedule however the ug ore was as per the original schedule.
    2) No desire at this stage to diversify out of west africa
    3) Dividends seem likely (Richard liked the idea anyway given his holding). Debt paydown is also a priority.
    4) We should expect 70-80k per quarter starting next quarter.
    5) M1 south drill results in the next 3 weeks. They should be 'nice' (said in a way that the southpark cops refer to the hot female teacher banging a male student).
    6) Richard admires B2 gold. I like that he has company to try and emulate.
 
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