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2.80%

$1.74 west african resources limited

Ann: Half Year Financial Report, page-22

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gutterman

1,044 Posts.

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31/08/21

07:47

Post #: 55697798
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Originally posted by nordesmic: ↑

I think important to dig into the inflation point a bit more. You’re right that local miner costs are going up per ounce but from what I’ve seen it’s not really due to rising underlying costs of mining/processing (ie unit costs per tonne basis).

I see it more about declining quality of mines in Australia, principally grade but also technical complexity that can come with age (ie Gwalia mining so deep). Even newer mines like DCN or GCY have had issues due to marginal deposits with grade missing from the resource models.

A lot of sustaining and growth capital is being spent by the bigger local players to try and offset these trends. Probably there was a period from 2014-18 where operations were run lean without huge investment and that is exacerbating current issues.

Sanbrado and Yaoure have grades far exceeding almost anything that could be found locally any more. I’ll take the higher grade even if it comes with higher ‘sovereign risk’, any day of the week.

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Gday @nordesmic wondering if u have run your ruler of MGV?

WAF Price at posting: $1.05 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.74		Change -0.050(2.80%)		Mkt cap ! $1.974B

Open	High	Low	Value	Volume
$1.74	$1.76	$1.71	$7.908M	4.574M

Buyers (Bids)

No.	Vol.	Price($)
1	118206	$1.74

Sellers (Offers)

Price($)	Vol.	No.
$1.74	26920	2

View Market Depth

No.	Vol.	Price($)
1	118206	1.735
2	26525	1.730
1	284	1.720
6	130788	1.715
2	21075	1.710

Price($)	Vol.	No.
1.740	26920	2
1.745	26920	2
1.750	26920	2
1.755	3539	1
1.760	3539	1

Last trade - 16.10pm 30/09/2024 (20 minute delay)

WAF (ASX) Chart