WAF 0.00% $1.52 west african resources limited

Why the sp struggle following pos announcements?, page-77

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    Despite comments to the contrary at Denver Gold Forum there was a short article yesterday about B2 still possibly interested in acquisitions following Randgold/Barrick merger. The context was that they might get something that would be divested, however the CEO made the point that they want something they can develop:


    Ideally, the Vancouver-based miner wants projects it can develop to produce about 200,000 ounces of gold annually for at least 10 years, as opposed to already-built mines. It seeks investments with an approximate 20 percent rate of return at gold prices of $1,200-$1,250 an ounce, Johnson said."


    https://www.reuters.com/article/b2gold-ma/b2gold-keen-on-any-african-assets-new-barrick-may-sell-ceo-idUSL2N1WS0SL


    The only bit WAF doesn't hit is the 10 year mine life, however if the ounces from Toega could be added then the combined deposits would support 200koz+ for 10 years. 


    B2 stock is up about 20% in the last month. Updated resource for Fekola also due out in the next month with expected major uplift.



 
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