WAF 3.86% $1.48 west african resources limited

Ann: Quarterly Cashflow Report, page-80

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    Just remember with every $1 increase in the gold price WAF is making $300,000 more profit before cost on a yearly production basis.
    Make this $10 increase in the gold price and you have $ 3 million and make it $100 and you have $30 million.
    Being a gold producer the rising gold price will reflect strongly in the share price.
 
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