WAF 10.1% $1.53 west african resources limited

+20c on the radar, page-133

  1. 3,119 Posts.
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    Hi D,
    As you can see by the date I don't come on here often. The recent VG announcement piqued my interest. Be interesting to see the grades and thicknesses.

    Re point 13 - I am fairly certain RH was not referring to the physical CIL/Heap leach but rather the permitting. IMO he said that the mining permit for M5 was originally for Heap Leach. Now they are planning on CIL that original permit needs to be amended to show CIL.

    As an example that such a permit change was possible he cited Gryphon who apparently amended from CIL to Heap leach. The implication was that WAF's permit change request would most likely be successful, albeit in reverse.


    I personally like the M3 zone but the grades, structures and continuity at M1 are, correctly imo, being prioritised first. Good position for WAF and SHs to be in.
    Last edited by salpetie: 18/06/16
 
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