WAF 1.05% $1.44 west african resources limited

Ann: WAF intercepts 79m at 2 g/t Au and 22m at 5 g/t Au at Toega, page-26

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  1. 423 Posts.
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    "Eyeballing the production graph above, it would seem WAF is hoping to be able to produce approx 475,000 ounces (though I note the company also states that the mining inventory sits at 570,000 ounces, as below)Which... I am hopeful, is conservative. Considering they are starting with an MRE of over 1.3m ounces."

    Sounds about right. Of the MRE of 1.3m ounces only 570.000 ounces are inside the pit as modelled by B2Gold.
    Recovery in the B2Gold DFS was 86% so those 570.000 in pit ounces should translate into 490.000 ounces of gold production.
 
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