WAF 0.87% $1.45 west african resources limited

Hi guys, Came across WAF’s scoping study recently and the...

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    Hi guys,

    Came across WAF’s scoping study recently and the numbers look quite attractive, so decided to compare to another Burkina Faso gold developer Gryphon Minerals before making an investment.

    From the numbers below, it looks like WAF is trading at a considerable discount.



    WAF
    EV = 30.7m  
    NPV = 84m
    Potential upside = 170%

    GRY
    EV= 40m
    NPV = 81M
    Potential Upside = 103%


    Additionally, in WAF’s sensitivity study, they show an IRR of 37% at 1100/oz. This is looking like a relatively low risk investment with substantial upside to me.
 
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Last trade - 13.15pm 15/05/2024 (20 minute delay) ?
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