WAF 6.99% $1.53 west african resources limited

For the doubters thread, page-38

  1. 10,710 Posts.
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    I really do get the concern loki (whether it's sincere or not?) However, some food for thought after having a 2nd looksy @ this post & another around the same time you posted with concern for CAPEX/CR up ahead, which I agree requires consideration with this accumulative environment we seem to be witnessing here @ WAF WORLD,

    WAF March 2017: Resource (lower grade) 1.5Moz - MC $64M - AISC = $US1000
    POG = $US1245 - Outstanding shares 304 - Sp 23c

    WAF Now: Resource (much higher grade) 2.6Moz - MC $200M odd AISC = $US640
    POG = $US1195 - Outstanding shares 695 odd - Sp 29.5/30c

    Finance discusssions underway! Hmmmmmmm... Although Capex is your typical Mid-Cap amount, anyone see better value now? FAR better?

    P.S. What really is holding this stock back @ this stage? Combined Capex/CR amount?
 
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