Ann: Gold Forum Americas Presentation 2024, page-14

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Lethal70

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21/09/24

06:40

Post #: 75774545
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Originally posted by speculator101: ↑

If you get a chance Jolly, have a listen to Richard, such a professional.

Gold Forum Americas - WAF

Straight off the bat, he mentions they are tracking above 210k (guidance is 190-210 for CY24) and "tracking substantially less than an AISC of $1300 US an ounce".....

Did not realise that WAF actually purchased the 5 rigs (so... I guess in house exploration is the way to go).

Cannot deny, his delivery of just how far he has come is still a pleasure to listen to (the sheer determination to stick through it all after 18 years is worthy of deep respect).

He literally says... 20 years at 500k p.a is what I believe we have with the assets currently, and.... the exploration upside to come. Pretty sure this is the first time I have heard him clearly state those figures (5min mark) (and he should, because I think they will beat them over time!).

Love this bit about Sanbrado "we might even look at putting out a 15 year plan, as we are having so much success" with the drill bit!

Oh... and "the next update for Sanbrado... will probably see production average 250k p.a from around 2030"... again... Richard is kicking things up a notch!
((( But... a little later he mentions that if M5 is able to be brought online next year... they can crank San Brado up to 250k )))

Then Richard casually touched on how.... the continuity of the structures bodes well for further exploration success..... like... in-between M1S and M5.

Obviously, the blue box and text is my speculation on what he meant....................

Then he discusses Kiaka.... nameplate.. 8.4mtpa, but...10mtpa is what they expect so... more gold. He states the 258k p.a for the first 5 years is conservative (my guess is closer to 300k p.a).

So cool to hear about the kit they purchased for the whole project.... big... efficiencies of scale are going to kick in 'big time'.

Basically... another masterclass in how to run a business responsibly (and being able to present it to investors).

Expand

Asic less than 50% of current GP.
20 years around 500k oz production
Current market cap is going to be 2-3 years of cashflow.
Happy days

WAF Price at posting: $1.70 Sentiment: Buy Disclosure: Held
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