WAF 3.96% $1.46 west african resources limited

It was stupid to assume they would need it in the first place....

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  1. 521 Posts.
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    It was stupid to assume they would need it in the first place. Even on this thread yet no one would put it to rest. 21 million for 6 rigs over the course of a few months is a lot and that's incorporating costs for consumables and transport to keep the rigs operational. Flights, sampling,assaying, feasibility and all that, even then that is still enough cash to progress forward until a DFS is completed. I only mentioned it for those that deemed it to be a potential issue. Understandably it could but I don't think they would bother doing early works on site if they weren't sure as to wether or not they would go into production. Spending money on things they don't need like that is a waste clearly they know that: 15million in the bank....
 
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