WAF 2.87% $1.44 west african resources limited

Supposing it wasn't a scrip offer, what do you think would...

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    Supposing it wasn't a scrip offer, what do you think would be a fair valuation? $1.50 PS? More, less? EMR, I think, is something of an analogue. It has one operational mine producing slightly less oz pa but at a slightly lower AISC. That mine is in Cambodia which would, I think, carry a similar, if not slightly lower, jurisdictional risk. EMR is trading at $2.60-2.90 PS.
 
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