WAF 4.91% $1.50 west african resources limited

Good deal, reasons...- $5 per OZ - cheap- 1g/t but half the...

  1. 592 Posts.
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    Good deal, reasons...
    - $5 per OZ - cheap
    - 1g/t but half the resource is 1.6g/t
    - Because the resource is so shallow, no problems with the 1g-1.6g. Will be economic IMO
    - WAF own drill rigs, the rigs will smoke...cheap drilling and a resource upgrade, after upgrade, after upgrade is why I think they took this opportunity
    - that's the blue sky
    - Gold will have a big run, it may have started in the last week
    - Only gave away 13% of company for asset
    - This project can be put into production quickly, market will upgrade them as they progress
    - Purely on oz in the ground the market will value them at $10-20/oz

    Very good deal and the market will pick it up and WAF will run...
 
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