Bastow, you seem to be a guy in the know....Do you have any idea...

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Kgre

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03/03/20

23:39

Post #: 43289975
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Originally posted by bastowmichael: ↑

money not flowing into the market (gold) will obviously slow down the move from the exploration juniors to tier one producers. I think long term outlook for gold this year will be a positive and in a big way. $1700 US gold will
be hit again eventually and when it happens and holds the price, money will start flow throughout the sector.

forget about the markets falling, in fact if they do gold will only rise as history and statistics show. This virus is just the icing on the cake for what is actually going on. 10 yr bond yields are negative and have been for ages.

Cambridge house international has great market insight, perhaps a little Bias because they all love gold! so do we...

People on these types of HC forums are saying CAI will be worth $1.00 and that a re-rate is coming. After the stocks consolidation of shares there's no doubt it will more to higher highs after the resource is proved up but seriously $1.00, 400,000 or so in reserves and the company is yet to report a DFS on a fairly new deposit where nothing is certain.

It's easier now for myself and others on here to read between the HC posters and which of those that actually understands this industry.

That is just an example

WAF has more shares however its the first mill in a 15million ounce gold camp. the company has extreme exploration potential and they will have the cash to purchase other tenements that could potentially add value to their existing resources. Africa is low cost, ours is @
$500 US AISC and a resources that is proven @ 1.7 million in reserves.

what valuation do you give to a company that has a deposit and future exploration upside like that in a potential gold bull market ? Far above the current valuation it is now IMO

The other aspect of this company is the team that runs it, they are proven and probable and they care about you and me. Richard is a share holder himself and has invested everything into this despite what critics are saying. This company has delivered up until now. Africa is a hard place to get things moving, especially since most of management isn't a local In regards to the country and how things work. you basically start from nothing. meanwhile companies in AUS and WA have just been laughing their way tot he bank on retail and investor money.

Bring up a cash quarterly report from some junior companies. e.g they raise 2 million dollars and out of that only $250,000 goes to exploration drilling.

where does the rest go?

it goes to managements salary...
So personally the market should value WAF a lot higher on both accounts. The market doesn't always see it that way though..

DCN, MOY and GCY could use what this team has!

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Bastow, you seem to be a guy in the know....
Do you have any idea what gold price would make Sartenga viable? (Or anyone else, @gbgirl, you seem to have been here as far back as I've plonked around on HC, perhaps you now?)

With Sanbrado 30 kms away obviously huge processing advantage. I'm recollecting that it was a viable Open Pit back around $1,100USD but that it was too short of a mine life? (Too lazy to go back and redo research from 1.5 years ago, in the hope you have the info on hand).

TIA

WAF Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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Bastow, you seem to be a guy in the know....Do you have any idea...

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