WAF 3.96% $1.46 west african resources limited

Ann: 10m at 54.2 g/t Au including 2m at 247 g/t Au at M1 South, page-25

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  1. 11,185 Posts.
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    Hi @eastwest101,

    Welcome.

    Pity you've come to the party a little late in the piece.

    I think with patience and if you're prepared to suffer all the stages (orphan etc) there is good potential here for a decent take-over premium to the current valuation or in the off chance they have the will and desire to want to develop it to a mine, you'll end up owning a decent low cost operation that should easily justify the current price. Funding of course is always a hurdle. I've met Richard and he is a dinkum geo that has lived and breathed the project for many years. It's his one and only baby and he has plenty of skin in the game and should do very well out of it if he plays all his cards right. If he lets us down he let's himself down. What's more he has good support from the broking community that don't appear to be backing away from the potential of this story.Esh
 
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