WAF 2.56% $1.20 west african resources limited

Sprott Capital was surprised WAF average price for sale of gold...

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    Sprott Capital was surprised WAF average price for sale of gold for the last quarter was US$1,727 per ounce

    When one checks the chart its not hard to see why they were surprised as GP was barely above $1730 for the quarter yet went as low as$1470.

    https://hotcopper.com.au/data/attachments/2338/2338052-68e0d2ae158e72b378989d2f0431762f.jpgt
    Compare to current quarters price

    https://hotcopper.com.au/data/attachments/2338/2338058-c5304a835d94e2b2512a6997c457da73.jpg
    There are a few aussie gold companies hedged around 50% of production around A$2000 oz and here we are close to US$2000.
    When they truly wake up to how shrewd this management team is the re-rate is going to be massive.

 
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