WAF 3.30% $1.47 west african resources limited

Ann: Diggers and Dealers Presentation 2018, page-17

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  1. 2,285 Posts.
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    I would prefer to have them build and operate the mine themselves, rather than any takeover, it could bring greater medium term shareholder returns. A takeover price of around 60c to 70c for something of this quality is less of a return than shareholders deserve.

    First production is slated for 2 years down the track, quarter 3 of 2020, if everything goes to plan.

    Less than 2 years payback, so it could possibly start paying a dividend from 2023, at which point it could have evolved into a 15 to 20 year mine.

    Gw
 
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