WAF 2.87% $1.44 west african resources limited

what am i missing, page-2

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    I think you are looking at headline numbers..
    Best to look at 5 years of 215k oz Production with costs of $1000 per oz
    Starting with around $150 million USD debt..

    Say they have 5 years of $150 million free cash..less debt ..is $600 million USD
    I would think in 5 years time SP will be around $1.50 if all goes well.
    If it turns a bit sour as most West African gold mines do.
    SP will be around 50 cents..
    SP should peak in the next year or so..
    Could even go crazy and get near $2

    Cheers
 
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