WAF 2.05% $1.49 west african resources limited

Surely there is no better growth stock on the ASX? (Gold...

  1. 11,657 Posts.
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    Surely there is no better growth stock on the ASX? (Gold sector)

    https://hotcopper.com.au/data/attachments/5995/5995159-6876901398a9c4d671356e48e1fdc72d.jpg

    https://hotcopper.com.au/data/attachments/5995/5995165-88b381d1ad186e0ae28ca7a51ef8b3d2.jpg
    https://hotcopper.com.au/data/attachments/5995/5995170-c60edaa3fcd6e95dd05f7c5e92611ed8.jpg

    No great changes in MRE, other than MV3 grade reduction.
    M1 South U/G is great, with it basically unchanged, even after being mined (105,000 ounces).

    WAF also basically doubled the amount of gold stockpiled.

    WAF with its 6.1m ounces, is basically being valued at $100 a ounce.

    2029-2030 will see WAF get close to 500k p.a (that is all based on what they have currently, in 5-6 years, WAF might be mining another 1-2 or U/G mines around Sanbrado!).

    Sanbrado's best days are no-where near over.

    https://hotcopper.com.au/data/attachments/5995/5995206-fb54369908e1f4774ea42b1ef1b8c81c.jpg

    Good to see WAF could do a better job than my half arsed attempt (just to be clear, the green arrowed version is mine).

    https://hotcopper.com.au/data/attachments/5995/5995207-6d9a2c04f65080858113bb7e25c228ee.jpg
    https://hotcopper.com.au/data/attachments/5995/5995209-9127e53fffe33c6c464cdcb9cf8ce577.jpg

    Also found this section very interesting, with MV3 pushed... to the very end of the production profile. I can only imagine that they are simply not as excited as they used to be about the deposit, when compared to Toega and its bulk volumes (well.. I found my answer).

    https://hotcopper.com.au/data/attachments/5995/5995218-e0849d9eb91aa32e5c8ca71ed4eff6b4.jpg


    https://hotcopper.com.au/data/attachments/5995/5995214-5cc344f207cf23cdb733a5556259f9a6.jpg

    M1S is going to be mined for a lot longer than the planned 8 years....

    https://hotcopper.com.au/data/attachments/5995/5995226-62b774f2b6512c871a5f267bc00b0692.jpg

    https://hotcopper.com.au/data/attachments/5995/5995230-af748958f46cd8f266767768d80dc0f9.jpg

    https://hotcopper.com.au/data/attachments/5995/5995243-987fb142e2493ecd87465b14e5c6daab.jpg
    Great to see exploration will be ongoing outside of the known deposits.

    https://hotcopper.com.au/data/attachments/5995/5995247-81df0ddb3171269d49e4310fdbc554dc.jpg

    Great company, doing right by its local population and making good margins which pays for it's second project.
    Without doubt, the only drag is country risk, as the gold is there...

    Good luck to all holders.
 
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