WAF 2.08% $1.41 west african resources limited

Ann: Quarterly Activities Report, page-8

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  1. 627 Posts.
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    That said, we track the gold price, much of the "guesstimates" for the resource update are likely priced in. So I'd suggest 40 -45c c range until resource update, then a spike (0.50-0.65 depending on 0.8 to 1.2 mill oz range). ...Unless instos have been soaking up all these shares up to 0.40 and are capping, on some leaked info; ex-pat mining communities, contractors for drilling and resource assessment - there's no such thing as a tight ship in 3rd world mining , in which case we'll see 20+% better than these numbers.

    Then back to tracking GP, with a drilling update every 6 weeks until DFS. DFS update is what I've been holding for this whole time I expect that will be WAf's time but there's risk, obviously ... hopefully I'm right.

    Please research separately, I might be wrong! (Although I do have my money where my mouth is, WAF is the largest component of my portfolio)
 
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