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.
Updated commentary...
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Last
$1.53 |
Change
0.000(0.00%) |
Mkt cap ! $1.567B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 430 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 7567 | 2 |
View Market Depth
| Last trade - 10.05am 21/05/2024 (20 minute delay) ? |
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Last
$1.54 |
Change
0.000 ( 1.17 %) |
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| Open | High | Low | Volume | ||
| $1.53 | $1.54 | $1.52 | 1443800 | ||
| Last updated 10.20am 21/05/2024 ? | |||||
| WAF (ASX) Chart |
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