As you can see from the chart below, the price spiked very...

As you can see from the chart below, the price spiked very quickly to over 40c in 2016 on positive drilling results. Since then, it has consolidated between 20c - 40c as the company sures up it's resources and works towards a their updated feasibility study. Resistance around 40c is a very important chart level in my opinion. Based on the share price holding strongly just under 40c, I believe that it's only a matter of time before that resistance level is broken. Once the share price break through and remains above 40c, then we are in blue sky territory. That means that every buyer will pretty much be in profit which usually translates to less resistance (as there isn't a build up of investors wanting to get out of losing positions at breakeven etc.). Based on that, I believe we may see some sharp appreciation in the WAF share price this year at the company enters it's next phase (release of updated feasibility study and the options/potential that will result from that).