So I went and read the May 22nd technical report to try and get a better understanding of this. There are two things I’m hoping others can comment on.
1) Esh is right, the reserves for WAF are purely in the Probable category, not Proven. Is this normal for developing gold miners? I would have thought that you would want a proven reserve before committing to debt funding and construction.
2) On page 18, it says they used a $1,650US per oz figure in the pit shell design for mineral resources. This price seems extremely high, can anyone comment on this?
Technical report here:
http://www.westafricanresources.com/category/technical-report/
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west african resources limited
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Ann: 27m at 14 g/t gold in maiden grade control program at M5, page-147
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $2.644B |
Open | High | Low | Value | Volume |
$2.32 | $2.36 | $2.29 | $5.400M | 2.322M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 79910 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 18108 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 79910 | 2.310 |
3 | 17745 | 2.300 |
1 | 16745 | 2.290 |
2 | 100000 | 2.280 |
2 | 3350 | 2.210 |
Price($) | Vol. | No. |
---|---|---|
2.320 | 18108 | 1 |
2.340 | 25402 | 3 |
2.350 | 17610 | 3 |
2.360 | 59332 | 5 |
2.370 | 127959 | 5 |
Last trade - 16.10pm 02/04/2025 (20 minute delay) ? |
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