WAF 3.96% $1.46 west african resources limited

Some BIG takeaways here, We've had great results reported...

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  1. 627 Posts.
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    Some BIG takeaways here,
    We've had great results reported previously, "1m @ 110 g/t" etc... this was even better but announced slightly differently. Don't look so much at the 18 g/t (which is very high grade), but at the wow part 16.5 m! And 83.9 g/t at 625 m, the resource keeps going, with indicative 340 g/t yet to be assyed...AND the mineralistaion is flattening out.

    What this means, is that AGAIN, we will get a DFS that isn't yet the whole picture. I've previously suggested that I expect the next DFS to be beyond 4x the valuation of the first DFS earlier this year. But the strong implication here, is that the next one will be exceed those estimates (6-8 times???) and sill not include the full reserve!!

    I had been watching the price action last 6 days, and wondering, should I cash the lion's share of my holding and come back in Feb Mar prior to DFS? It looked like accumulation, so I held on and haven't sold a single share. Accumulation explained, and happily my guess was right. High 40s maybe low 50s may become our new norm.

    Separately to how good these results for our mine are, the macro-environment for gold is pointing towards an easing of the gains in international markets for stocks, which should give us some gold gains as well. Bring DFS mark II and then looking forward to DFS Mark III!!!
 
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Last
$1.46
Change
-0.060(3.96%)
Mkt cap ! $1.866B
Open High Low Value Volume
$1.52 $1.52 $1.45 $3.995M 2.715M

Buyers (Bids)

No. Vol. Price($)
4 54405 $1.46
 

Sellers (Offers)

Price($) Vol. No.
$1.47 26146 2
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
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