After taking more time to read through the quarterly and Sprotts view.
I do struggle to understand the sell off, or perhaps the overly negative take on it.
WAF did what few others mines seem to be able to do, and that is squeeze out more ounces from the U/G ops while still being profitable in conjuncture with further developing access to their reserves.
U/G grade will come back up, open pit strip ratio will reduce and all the while they are putting in the groundwork to enable Kiaka to be built in record time. Whilst also hopefully proving up MV3E to enable that to be brought into the mine plan to give Sanbrado a boost in 2024, plus potentially M5 U/G which will hopefully enable Sanbrado to become a 250k p.a producer over the next decade.
I think a reasonable estimate for CY2023 will see WAF producer guidance of 210-230k with an AISC of $1200 due to increase mining costs (fuel just costs more).
Costs for the quarter included many items that... just had to be done.
Anyway, while WAF were not able to replicate the likes of PRU, it will hopefully still see a large increase in its cash position over the next 12 months, also the while undertaking the many developments listed in Sprotts report.
Good luck to all holders.
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Ann: WAF Achieves 2022 Production and Cost Guidance, page-42
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Last
$1.40 |
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Mkt cap ! $1.578B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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2 | 2623 | $1.46 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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42 | 60375 | 1.395 |
16 | 85680 | 1.390 |
18 | 106469 | 1.385 |
17 | 142777 | 1.380 |
15 | 140200 | 1.375 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 83327 | 45 |
1.405 | 116458 | 16 |
1.410 | 132738 | 19 |
1.415 | 23737 | 9 |
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