WAF 0.00% $1.61 west african resources limited

150koz production$1800/oz - $1000/oz costs expansion repayments=...

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    lightbulb Created with Sketch. 375
    150koz production
    $1800/oz - $1000/oz costs expansion repayments
    = $120Mill Approx 15cps.
    Give them a generous PE of 10 due to expansion etc
    = $1.50 basic valuation.
    So sp should rise up to this level over next 6 mths imho as WAF confirms production month after month.
    In 6 mths time, output should be deemed higher than the above 150koz and valuation should rise further accordingly.
    Time will tell
 
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