The revised feasibility study provides sound reasons for the CR, and I support the CR given the rising costs and higher govt take (via royalties and indirectly via govt controlled fuel costs doubling to around USD2/litre).
WAF will be a 480k ounce per annum producer within 2 years which should see the share price over $3.00 at the current gold price so long as the govt or rebels do not cause some more issues/costs. Of course the POG could provide some further unpside but that could be offset by higher costs.
Once Kiaka get into production I am hoping that WAF diversifies out of Burkino Faso.
GLA.
loki
Ann: Trading Halt, page-29
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