WAF 3.86% $1.48 west african resources limited

Ann: AGM Presentation, page-72

  1. 11,782 Posts.
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    So... I thought I would have a crack at the unofficial AISC for WAF for the months of April and May (joined, as I need all the help I can get to smooth it out a bit, with the dore sales obviously very uneven at this stage).

    April/May recovered - (9181+10532) 19,713 ounces.
    Price received was $1700 (on the dot going from the updates).
    Total revenue - $33.5m.
    Dev and Capex for the 2 months - $17m
    Dev - D/C = $16.5m
    Minus all other miscellaneous costs totalling $4m USD.
    (Cash+gold as of Mar30 - May 30 = $12.5m - then minus this from the $16.5m)

    Margin per ounce - $12.5m / 19713 ounces - $634 USD per ounce.

    AISC approx - $1065 per ounce.

    Happy to be advised where I have fubared.

    Not bad for a company that mining its lowest grade pit, after operating for just 3 months.
 
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