WAF 3.96% $1.46 west african resources limited

Ann: 11m at 10.5 g/t and 6m at 24.4 g/t Au, deepest drilling M1S, page-10

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  1. 3,000 Posts.
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    Will be interesting to see how many of the underground ounces they are able to bring into the mine plan. Was 395koz indicated underground at M1S with another 180koz inferred in the October update. From what I understand it has a pretty high degree of conversion to reserve so could be upwards of 500koz in the underground reserve if the inferred resources have been successfully converted to indicated.

    Any guesses on total reserve? Bell Potter had 1.9Moz at AISC of US$630/oz. I reckon that might be pretty close to the mark on costs maybe slightly aggressive in reserve. If they achieve those numbers I'll be very happy. Bell Potter report is on the WAF website.

    http://www.westafricanresources.com/wp-content/uploads/2017/11/WAF-initiation-report.pdf
 
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