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Symbol Data
Symbol
Currency
ASX:WAF
AUD
OTCMKTS:WFRSF
USD
Description
West African Resources Ltd are a gold focused mid-tier producer with two mines in development in Burkina Faso and two exploration properties. They have approximately 12Moz. of gold in the reserves and resources category of which 8Moz. are in the measured and indicated category. They have a market capitalisation of ~A$514.74M which is a fall of roughly 39% over the last nine months. As of 01/08/2023 they have no debt and ~A$111.85M cash. They have 1,023M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.
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General Details
Financial
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$841.45M
$514.74M
01/08/2023
Total Assets:
$581.56M
$555.36M
01/08/2023
Total Liabilities:
$142.17M
$135.77M
01/08/2023
Current Assets:
$225.45M
$215.29M
01/08/2023
Current Liabilities:
$103.58M
$98.92M
01/08/2023
Total Debt:
$0.00M
$0.00M
01/08/2023
Cash:
$150.30M
$111.85M
04/28/2023
Enterprise Value:
$691.15M
$402.90M
10/07/1982
Cash Flow:
$130.73M
$109.30M
never
Cash Flow Multiple:
6.44
4.71
never
Net Debt to Cash Flow Ratio:
n/a
n/a
never
Finance within 1 year:
01/08/2023
Misc
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
1,023,000,000
1,023,000,000
01/08/2023
Shares (FD):
1,034,000,000
1,034,000,000
01/08/2023
Insider Ownership:
n/a
n/a
never
Company Type:
Mostly Gold
Mostly Gold
never
Production ETA:
n/a
01/01/2020
01/08/2023
Production (Gold Eq Oz.):
(guess) 230,000
(guess) 220,000
01/31/2023
Production (Silver Eq Oz.) :
(guess) 17,957,877
(guess) 18,342,935
01/31/2023
Initial CapEx (Outstanding):
n/a
n/a
01/08/2023
Funding Option:
n/a
n/a
01/08/2023
Documentation:
none
PRODUCER
04/28/2023
Future MCap Modifier:
0.2Producer: Growth Potential
0.2Producer: Growth Potential
04/24/2023
Cash Flow Multiplier:
5
8
04/12/2023
Resource Data
GOLD
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
6.00M
6.40M
04/28/2023
Measured & Indicated:
8.00M
8.00M
01/08/2023
Inferred:
4.00M
4.00M
01/08/2023
Reserves & Resources:
12.00M
12.00M
never
P L A U S I B L E
Proven & Probable:
5.40M
5.76M
04/28/2023
Measured & Indicated:
6.84M
6.91M
01/08/2023
Inferred:
1.80M
1.80M
01/08/2023
Reserves & Resources:
8.64M
8.71M
never
C U R R E N T
Annual Production:
(guess) 230,000oz.
(guess) 220,000oz.
01/31/2023
Cash Cost:
$800
$850
04/28/2023
Extra Operating Cost:
$500
$500
01/08/2023
Average Grade:
1.20 g/t
1.20 g/t
01/08/2023
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
04/28/2023
F U T U R E
Proven & Probable:
9.00M
9.00M
01/08/2023
Annual Production:
400,000oz.
400,000oz.
01/08/2023
Cash Cost:
$850
$950
04/14/2023
Extra Operating Cost:
$500
$500
01/08/2023
SILVER
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
01/08/2023
Measured & Indicated:
n/a
n/a
01/08/2023
Inferred:
n/a
n/a
01/08/2023
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
01/08/2023
Measured & Indicated:
n/a
n/a
01/08/2023
Inferred:
n/a
n/a
01/08/2023
Reserves & Resources:
n/a
n/a
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
01/08/2023
Extra Operating Cost:
n/a
n/a
01/08/2023
Average Grade:
n/a
n/a
01/08/2023
Recovery Rate:
n/a
n/a
01/08/2023
F U T U R E
Proven & Probable:
n/a
n/a
01/08/2023
Annual Production:
n/a
n/a
01/08/2023
Cash Cost:
n/a
n/a
01/08/2023
Extra Operating Cost:
n/a
n/a
01/08/2023
Property
Last Analysis Data (01/08/2023)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
West Africa , Burkina Faso
Sanbrado
100% (guess)
60,000
Open Pit
show
5 million oz open pit
Producing 200,000 annually.
Development
West Africa , Burkina Faso
Toega
100% (guess)
25,000
Open Pit
show
1 million oz surface deposit at 2.1 gpt.
Feasibility in 2021.
Next mine.
Exploration
West Africa , Burkina Faso
Kiaka
90% (guess)
n/a
n/a
show
7 million oz resource.
Development in 2023-24
Exploration
Fox Creek , Canada
Fox Creek
100%
n/a
n/a
n/a
Total Land Package Size (ha):
85,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
West Africa , Burkina Faso
Sanbrado
100% (guess)
60,000
Open Pit
show
5 million oz open pit
Producing 200,000 annually.
Development
West Africa , Burkina Faso
Toega
100% (guess)
25,000
Open Pit
show
1 million oz surface deposit at 2.1 gpt.
Feasibility in 2021.
Next mine.
Exploration
West Africa , Burkina Faso
Kiaka
90% (guess)
n/a
n/a
show
7 million oz resource.
Development in 2023-24
Exploration
Fox Creek , Canada
Fox Creek
100%
n/a
n/a
n/a
Total Land Package Size (ha):
85,000
Profitability (by resource)
Proven & Probable
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
6.00M
6.40M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
5.40M
5.76M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$3,069.36M
$2,861.57M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$3,069.36M
$2,861.57M
n/a
Max Profit / Current MCap:
3.648
5.559
n/a
Max Profit Per Share (Gold):
$2.97
$2.77
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$2.97
$2.77
n/a
Total Free Profit Per Share:
$1.77
$2.00
n/a
FD MCap / Gold Eq.:
$155.82
$89.37
n/a
FD MCap / Silver Eq.:
$2.00
$1.07
n/a
FD MCap / Per Metal as % Spot Price:
8.34%
4.84%
n/a
Measured & Indicated
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
8.00M
8.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
6.84M
6.91M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$3,887.86M
$3,433.88M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$3,887.86M
$3,433.88M
n/a
Max Profit / Current MCap:
4.620
6.671
n/a
Max Profit Per Share (Gold):
$3.76
$3.32
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$3.76
$3.32
n/a
Total Free Profit Per Share:
$2.56
$2.55
n/a
FD MCap / Gold Eq.:
$123.02
$74.47
n/a
FD MCap / Silver Eq.:
$1.58
$0.89
n/a
FD MCap / Per Metal as % Spot Price:
6.58%
4.03%
n/a
Reserves & Resources
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
12.00M
12.00M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
8.64M
8.71M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$4,910.98M
$4,328.12M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$4,910.98M
$4,328.12M
n/a
Max Profit / Current MCap:
5.836
8.408
n/a
Max Profit Per Share (Gold):
$4.75
$4.19
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$4.75
$4.19
n/a
Total Free Profit Per Share:
$3.55
$3.42
n/a
FD MCap / Gold Eq.:
$97.39
$59.08
n/a
FD MCap / Silver Eq.:
$1.25
$0.71
n/a
FD MCap / Per Metal as % Spot Price:
5.21%
3.20%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
01/08/2023 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
AUD 0.6770
AUD 0.6465
09/30/2023
Spot Gold:
$1,868.40
$1,846.80
09/30/2023
Spot Silver:
$23.93
$22.15
09/30/2023
Gold:Silver Ratio:
78.08
83.38
09/30/2023
Spot Gold (Future):
$2,500.00
$3,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
25.00
30.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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