WAF 3.86% $1.48 west african resources limited

Bought a chunk back today too (wish I never sold). Too much to...

  1. 3,047 Posts.
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    Bought a chunk back today too (wish I never sold). Too much to like about this company. Toega - a $45m buy of which $10m has been paid fills the back end of mine life, the UG drilling we know the M1 South orebody extends deep with 25m @ 15g/t from 862m (reserves to 550m) and will add to minelife and economics and I’m sure continues deeper. Plus UG stoping imminent and UNHEDGED.

    Most ‘analysts’ plug in prior feasibility numbers and use a sensitivity table to work out impacts of price and await new economic studies and JORC reserves before updating their models. I’m pretty sure I know which way they’ll be updating their models in the next 6 months as Toega feasibility and M1S UG drilling converts inferred to M&I. I expect that drop off in production to be delayed many of years.
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    Last edited by Cashmeoutside: 11/08/20
 
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