WAF 0.61% $1.66 west african resources limited

December Quarter Production?, page-9

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    WAF guided to 19g/t out of the UG in year 1 and that factors in a fair bit of dilution (M1S UG resource grade 22g/t, reserve grade 10g/t).  

    They did a touch below 900kt feed in Q3 at a tick over 93% recovery. Some of those figures will be elevated due to oxide ore but if they get similar this quarter and ramp up the higher grade M1S (UG + OP) I see no reason they can’t get 70koz for the quarter. Knowing these guys it will be higher than this.

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