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-31

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  1. 627 Posts.
    lightbulb Created with Sketch. 12
    I woudn't make that prediction, no. Too far out for that.
    I can see reasonable assumptions that would give us a NAV $0.8B, which I would expect the market to evaluate at circa $1.20+ per share.

    We have not found the bottom of the deposit and conversely I don't details of issues that may exist for mining to ore, and GP could be double or could be half... so it only a Back Of Envelope, my expectation.
 
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$1.46
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