Updated commentary coverage
https://seekingalpha.com/article/4408266-west-african-resources-strong-finish-to-fy2020
- West African Resources released its Q4 and FY2020 results last month, reporting record quarterly gold production of 50,300~ ounces at declining costs.
- The Sandbrado continues to see higher head grades with a further list in Q4, with underground tonnes mined more than doubling on a sequential basis.
-Assuming an $1,850/oz gold price and 200,000 ounces of gold sales in FY2021, West African would generate $370 million in revenue, leaving the stock trading at barely 1.4x sales.
- This is a dirt-cheap valuation for a company that's expected to be a very high-margin producer, even after accounting for the less favorable jurisdiction in Burkina Faso.
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What is management's best chance to get this stock to $2.00?, page-105
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Last
$1.41 |
Change
0.005(0.36%) |
Mkt cap ! $1.444B |
Open | High | Low | Value | Volume |
$1.42 | $1.45 | $1.41 | $3.679M | 2.602M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10230 | $1.41 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.41 | 40094 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 898 | 1.475 |
3 | 2545 | 1.440 |
2 | 32000 | 1.400 |
2 | 4106 | 1.395 |
2 | 4726 | 1.390 |
Price($) | Vol. | No. |
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1.335 | 7000 | 1 |
1.395 | 13586 | 2 |
1.400 | 15000 | 1 |
1.405 | 3106 | 1 |
1.410 | 3106 | 1 |
Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 13/06/2024 ? |
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