WAF 0.71% $1.41 west african resources limited

Ann: AGM Investor Presentation, page-4

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    Perhaps Wassa, but I am on the fence about France leaving West Africa and being replaced by Russia.
    Neither entity has clean hands. Do you have examples of where Russian military intervention has led to mines being forcibly acquired?
    The BF government and it's people have strong reasons to keep businesses like WAF around for the myriad of benefits it brings.
    I know that many staff at WAF that are native to BF have the potential for generational jobs (something that is quickly disappearing in so many industries).
    I would like to think that won't change dramatically whether Russia is involved in the countries security.

    If WAF can navigate the many challenges ahead, once it acquires Orezone, we could be looking at a 700k p.a producer with low costs and 15-20 year mine lives. Pretty impressive achievement considering its all been discovered/drilled/built in the last couple of years.

    The margins WAF are making right now are not really being reflected in the share price, though this is mostly due to the huge capex being thrown at Kiaka.
    By late next year, even before Kiaka hits it's full run rate, the debt is hopefully going to be paid down incredibly quickly.

    Though yes... who knows exactly what the future holds. I just view WAF as a great investment in the gold sector, with the clear understanding that it's location is fraught with certain risks.
 
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