WAF are going ahead regardless of sentiment and cynicism and there are certainly no cluts's running the show. They are financing the project with senior debt to minimize dilution.
As for price of gold..WAF have an all in site cost of $530 per ounce for the first 3 years. Where do you think POG will be by 2020 ?
If it doesn't rise production will flatten and leverage will come also from supply and demand rather than just Fed policy statements. Strong early cash flow is a very important attribute for new projects.
Of the peers I mentioned none have an IRR of 30% with gold at $1100 per ounce. Yet they trade at multiples of WAF.
As far as I can see fear is all that is holding it back. Macquarie aren't fearful thankfully and are funding the current study. Once the bankable is out I am sure the big investors will come.
- Forums
- ASX - By Stock
- WAF
- WAF V GRY
WAF V GRY, page-58
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WAF (ASX) to my watchlist
|
|||||
Last
$1.40 |
Change
0.075(5.66%) |
Mkt cap ! $1.569B |
Open | High | Low | Value | Volume |
$1.39 | $1.41 | $1.37 | $2.096M | 1.509M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 35091 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 22447 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 22072 | 1.395 |
23 | 97522 | 1.390 |
15 | 174488 | 1.385 |
17 | 49998 | 1.380 |
10 | 49990 | 1.375 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 57533 | 20 |
1.405 | 74521 | 18 |
1.410 | 56948 | 16 |
1.415 | 148712 | 12 |
1.420 | 103731 | 11 |
Last trade - 12.58pm 13/08/2024 (20 minute delay) ? |
Featured News
WAF (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online