WAF 3.36% $1.44 west african resources limited

With the prospect of being called too optimistic my call...

  1. 21 Posts.
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    With the prospect of being called too optimistic my call is
    120,000 oz
    Reasoning
    1. Richard definitely wants to produce 300koz+ in a year - and I'm sure its a goal he has set for the workers (so 99,000+ is a good thing IMO)
    2. The 2,000oz a day comment - surely that relates to the ug starting to fire (thus this daily production could be for a good chunk of the 1/4)
    3. From the 2018 Mine Schedule the underground was planned to produce 250,000 oz first 2 years+/-. By my calculations ug has products 108,000 oz so far (this is not a bad thing as WAF commissioned early, mined gold outside of mine plan, I believe they have completed more ug development than planned and had to deal with covid issues) - hence my optimism that there is a lot of gold to come from the ug

    Either way I wont be upset with a number well below this - the gold is still in the ground and will be liberated soon enough

    Not Advice
 
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