WAF 3.96% $1.46 west african resources limited

Hartleys site visit, page-6

  1. 30 Posts.
    I think the Board is doing just fine and you're sounding pretty negative Swordfish.

    Have a look a this release...http://www.westafricanresources.com/wp-content/uploads/2017/06/WAF.pdf pretty clear about the timing and reasons for pushing back the DFS.

    Managing Director Richard Hyde commented: “TAN17-DD111 has returned the best hole to date in the 2017 drilling program with 21m at 53.13 g/t Au from 408.5m including 0.5m at 1,613.41 g/t Au and 0.5m at 530.38 g/t Au and 14.5m at 38.27 g/t Au from 459m. "Five out of six diamond holes this year at M1 South have hit extremely high grades over significant widths which will add to the resource base and have a material impact on project economics. “It is essential we define the extent of the deposits and maximise the project NPV, before finalising a development strategy and project finance. The board has decided to focus on resource and extensional drilling for the remainder of 2017, and will revisit development scenarios in the first half of 2018. The Company will complete a resource update in Q3 2017.
 
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