I agree, that based on guidance and fundamentals that WAF remains good value. Not as cheap as it was but it is notable that the SP is still well above that from even as little as 1 month ago. Based on the last quarterly (31/12/19) and Friday's closing price, I have WAF's EV to Production at $2772/oz and its EV to Gross Earnings based on a gold sale price of AU$2200/oz at 2.2. These are both low values comparatively speaking but have been beaten as at Friday on the EV to Production ratio by a growing number of gold producers, including: RSG, RED, RMS, TBR, AMI, WGX I am not making any recommendations to these stocks, or to WAF for that matter, and simply noting the current ratios. By way of example, WGX has a ratio of $1750/oz.
Ann: 27m at 14 g/t gold in maiden grade control program at M5, page-484
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |