WAF up 30% on TSX on low volume but there has been consistent buying from some notable houses for months now.
Mintrex are leading the study and ex Macquarie mr Harch of Orimco is leading financing and hedging arrangement discussions.
Mintrex worked on Perseus's Edikan, Roxgolds Yaramoko, Orezones Bombore and Sandfires Desgrussa deposits.
Roxgold got permitting though in Burkina in January.
The WAF starter now with a 7 year mine life is worth 30 cents a share based on what is outlined at current gold prices. They have stated that significant tonnage is being treated as waste but will add to economics in the upcoming bankable study and add another 20koz or so to the 440koz resource.
The sulfide below is 1.3 million ounces and the potential of the near by sites sets them up with a resource of around 2 million ounces. They are running an RC drilling program at Mankarga 1 currently.
With a market cap of $20M compared to their peers in Burkina being supported at $200M. This is a Disallowed. Wake up market.
WAF V GRY, page-55
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Last
$1.39 |
Change
0.060(4.53%) |
Mkt cap ! $1.580B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.41 | $1.37 | $2.631M | 1.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 59006 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 31913 | 11 |
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| Last trade - 14.51pm 13/08/2024 (20 minute delay) ? |
| WAF (ASX) Chart |