Just to be clear, WAF has already spent close to $100m AUD on Kiaka ($92m).
Dec 2022 Q
Mar 2023 Q
June 2023 Q
Nice to see them reaffirm guidance for CY2023. Considering they are sitting right on half year guidance, that bodes well for the second half. The open pit strip ratio is one of the big drivers, with all the $$ spent last year to strip them.
Nice to see Toega permitting achieved, even if it has been pushed back due to the MV3 discovery.
In terms of news, I guess the market is likely most interested in point number 3.
Costs for Kiaka bode well (plus all the other activities that WAF are undertaking to make sure that the mine is supported and benefits locals).
Kiaka funding in AUD is approx $580m. Spent $92m, so $488m AUD to do. With them projecting first gold in first half of CY2025 (but in the Gantt chart is shows second half), that is 8 quarters. So approx 50k production per Quarter, free cashflow of.... $40-80m? Gives me $320-640m AUD.
Gets WAF close without the debt facility! WAF being unhedged could play a pivot role in just how much debt is actually used.
Will be interesting to watch.
Just to be clear, WAF has already spent close to $100m AUD on...
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Last
$2.20 |
Change
0.000(0.00%) |
Mkt cap ! $2.507B | |||
| Open | High | Low | Value | Volume |
| $2.26 | $2.26 | $2.20 | $9.934M | 4.472M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62873 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 80286 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| WAF (ASX) Chart |