WAF 3.08% $1.51 west african resources limited

yip in revenue terms 33%. Point is the same but, whats the...

  1. 21 Posts.
    yip in revenue terms 33%. Point is the same but, whats the explanation for a CAPEX less than half of GRY and also lower processing costs etc. Strip ratio is lower yes.

    I guess it is because they are overly optimistic on CAPEX, operating costs, power costs , recoveries, cash flow and probably everything else to boot. Which is my point about the great thing about scoping studies.

    As Lincoln said "you can fool some people some of the time but you cant fool all of the people all of the time".

    or maybe you can what do I know, tell you the good thing about DFS studies though, usually all these factors have generally been realistically priced and audited.
 
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