WAF 10.1% $1.53 west african resources limited

Oh.... finally.... WAF is firing up the rigs!Toega has had no...

  1. 11,947 Posts.
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    Oh.... finally.... WAF is firing up the rigs!

    https://hotcopper.com.au/data/attachments/6361/6361156-4a530211f5ea045ae31a66cebc08c33a.jpg

    Toega has had no love since it was acquired by WAF, but, like above, times are a changing!
    This is the sort of medium term production growth WAF is going to almost certainly add to the LOM at either Kiaka or Sanbrado, it is simply not a stretch for WAF to nudge up to 500k with 1-2 extra U/G mining operations (Toega looks likely to offer some serious bulk tonnage U/G, just from the results below, I am hopeful of a 50k+ p.a operation). I mean, they clearly already have enough drilling to be undertaking the mining study as we speak......

    https://hotcopper.com.au/data/attachments/6361/6361161-bcf2c0ba255f436d23aa1eab6fec0651.jpg

    I must commend Richard and his team, they have shown incredible patience to get WAF to where it is today. I do wish they could be looking to pickup a local asset on the cheap, as I don't see any downside to doubling down on Burkina at this stage. Though perhaps they have their hands full with all the U/G potential at Sanbrado and Toega...
 
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