WAF - About to Breakout, page-2

Thanks for the great insights Bik.
Wrote up an excel spreadsheet on WAF's 10 year earnings forecast tonight to add to your bullish technical picture.

Look at the value with current gold spot price at $2469! WAF is currently 36% undervalued based on the worst case scenario guidance AISC figure of $984 AUD, using the conservative annual production guidance number of 216,000 oz annually, and using a market cap calculation of a measly 4 times earnings. If I change Gold Price to $2800 AUD then WAF forecasted price rises to $1.78 based on the same parameters and PE Ratio of 4.
I know this is using AISC and not All In costs however WAF is not really required to spend any growth capital for many years with it's low cost mines and brand new processing plant ( the only exception is for exploration.)

There are so many catalysts that could make this a multibagger:

Likely continued increase in mineral resources and reserves with continued ramping up of exploration budget.
Increased throughput for processing plant with resulting increased ore base meaning more ounces produced annually.
WAF is a rare unhedged company so fully leveraged to a strongly growing gold price.
Takeover target with it's fantastic profit margins.
Is a potential buyer of reasonably priced assets using it's huge cashflow (won't need to heavily dilute shareholder equity).
Potential share buyback once debt paid in full increasing shareholder equity.
Potential dividend once debt paid in full.
Debt is forecast to be paid off during the December quarter. A remarkable feat considering the business has barely been mining for 1 year.

Both the technical and fundamental pictures point to a very rosy future for WAF and it's patient investors.