WAF 1.01% $1.50 west african resources limited

WAF valuation, page-10

  1. 2,284 Posts.
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    ......I’m getting somewhat less than your number, YTD figures lower still, multiplied by 2.5mtpa, multiplied by 10yrs (we will likely get 10yrs out of M1) with ounces per vertical metre not showing any signs of slowing down at depth.

    I think you’re on the right track taking a conservative approach but when your numbers spew out a NPV a quarter of what has been reported in the FS we have to take them with some scepticism, especially so after significant funding has been secured, and the de-risking implied in that process.

    I bet you could build that NPV number up to $1bill. with some reasonable (but cumulative) adjustments to currency, POG, costs, mine life, capacity, tonnage.

    Just my opinion and I’m just a little man.
 
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