Ann: West African hits 13.5m at 18.21 g/t Au at M1 South, page-18

I was waiting for someone more experienced than myself to reply to you so for the time being I’ll tell you my opinion anyway. Another gold developer in west Africa (roxgold) have similar grade around 15grams per tonne head grade, they produced around 115,000-125,000 ounces this year and the share price is currently $1.40. I’m not sure how many ounces they have but I do think from reading somewhere that it is over 2 million and they are still open at depth with mineralisation. A friend of mine whom I’ve known for years who told me about west Africa over 1 and a half years ago told me of another gold producer just south of WAF. Same mineralisation style gold and similar grade although he mentioned WAFs grade finds are a lot better. He said they were trading at around $2.10 I believe. Not sure the amount of gold
Nor the production, I still believe like I said before on the forum that WAF will be T/O no question, the company has mentioned increasing the value of the project many times and apears to be the only thing on the mind at least until the decision of production which Richard seems
To be fairly uncertain as to wether he does want to, in the interviews it seems to me like he wants an offer when the time is right.

If they go to production my guess at the current stage without working out the numbers of course would probably be anywhere from $1.50-$2.50 during production when and if they meet there annual targets. Buy out price to me would seem to be anywhere upwards of $2.00. Hope this helps, any additional or correctional information from Persons with more experience is appreciated