WAF 1.35% $1.50 west african resources limited

WAF valuation, page-39

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    Further to the discussion about processing costs, having another look at the feasibility study shows a different set of processing costs from the averages shown in one of the other chapters. The below set is a bottom up estimate from the economic analysis section chapter 21 and shows the $12.50/tonne processing figure. I don’t know why the difference between chapters but my guess is it has something to do with utilisation factors.

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