Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

West African Resources Ltd

www: www.westafricanresources.com   email: info@westafricanresources.com
Category: Junior: Near-term Producer
Rating & Risk: Login to view
Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
ASX:WAF AUD
OTCMKTS:WFRSF USD

Description

West African Resources Ltd are a gold focused junior near-term producer with two mines in development in Burkina Faso and two exploration properties. They have approximately 2.8Moz. of gold in the reserves and resources category of which 2.3Moz. are in the measured and indicated category. They have a market capitalisation of ~A$323.82M which is a rise of roughly 126% over the last eight months. As of 01/20/2019 they have ~A$189M debt and ~A$16.96M cash. They have 863M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 01/20/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $143.00M $323.82M 01/20/2019 $180.82M
Total Assets: $30.92M $29.17M 01/20/2019 $-1.75M
Total Liabilities: $204.91M $193.33M 01/20/2019 $-11.57M
Current Assets: $17.97M $16.96M 01/20/2019 $-1.02M
Current Liabilities: $3.16M $2.98M 01/20/2019 $-0.18M
Total Debt: $199.87M $188.58M 01/20/2019 $-11.29M
Cash: $17.97M $16.96M 01/20/2019 $-1.02M
Enterprise Value: $324.90M $495.45M 09/13/1985 $170.55M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 01/20/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 01/20/2019 0.00%
Misc 01/20/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 863,000,000 863,000,000 01/20/2019 0
Shares (FD): 884,000,000 884,000,000 01/20/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 01/20/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 01/20/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 01/20/2019 0
Initial CapEx (Outstanding): $260.00M
181.81% of Mkt.Cap		 $260.00M
80.29% of Mkt.Cap 		01/20/2019 $0.00M
Funding Option: n/a n/a 01/20/2019 n/a
Documentation: none PFS 01/20/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 01/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 1.50M 1.50M 01/20/2019 0.00M
Measured & Indicated: 2.30M 2.30M 01/20/2019 0.00M
Inferred: 0.50M 0.50M 01/20/2019 0.00M
Reserves & Resources: 2.80M 2.80M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 1.35M 1.35M 01/20/2019 0.00M
Measured & Indicated: 1.93M 1.93M 01/20/2019 0.00M
Inferred: 0.23M 0.23M 01/20/2019 0.00M
Reserves & Resources: 2.15M 2.15M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 01/20/2019 $0.00
Extra Operating Cost: n/a n/a 01/20/2019 $0.00
Average Grade: 1.20 g/t 1.20 g/t 01/20/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 01/20/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 01/20/2019 0.00M
Annual Production: 150,000oz. 150,000oz. 01/20/2019 0oz.
Cash Cost: $600 $600 01/20/2019 $0
Extra Operating Cost: $400 $400 01/20/2019 $0
SILVER 01/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 01/20/2019 0.00M
Measured & Indicated: n/a n/a 01/20/2019 0.00M
Inferred: n/a n/a 01/20/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 01/20/2019 0.00M
Measured & Indicated: n/a n/a 01/20/2019 0.00M
Inferred: n/a n/a 01/20/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 01/20/2019 $0.00
Extra Operating Cost: n/a n/a 01/20/2019 $0.00
Average Grade: n/a n/a 01/20/2019 n/a
Recovery Rate: n/a n/a 01/20/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 01/20/2019 0.00M
Annual Production: n/a n/a 01/20/2019 n/a
Cash Cost: n/a n/a 01/20/2019 n/a
Extra Operating Cost: n/a n/a 01/20/2019 n/a

Property

Last Analysis Data  (01/20/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Burkina Faso Boulsa 100% (guess) 60,000 Open Pit show
Very large property

6 discoveries.

Early exploration.

1 gpt surface.
Development West Africa, Burkina Faso Tanlouka 100% (guess) 8,000 Open Pit show
1 million oz surface deposit at .8 gpt
Exploration Ouagadougou, Burkina Faso Tanlouka 90% n/a n/a n/a
Exploration Fox Creek, Canada Fox Creek 100% n/a n/a n/a
Total Land Package Size (ha): 68,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development West Africa, Burkina Faso Boulsa 100% (guess) 60,000 Open Pit show
Very large property

6 discoveries.

Early exploration.

1 gpt surface.
Development West Africa, Burkina Faso Tanlouka 100% (guess) 8,000 Open Pit show
1 million oz surface deposit at .8 gpt
Exploration Ouagadougou, Burkina Faso Tanlouka 90% n/a n/a n/a
Exploration Fox Creek, Canada Fox Creek 100% n/a n/a n/a
Total Land Package Size (ha): 68,000  

Profitability (by resource)

Proven &
Probable		 01/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.50M 1.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -2.28M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.35M 1.35M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.05M
Maximum Profit (Gold): $265.83M $489.98M n/a $224.15M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $265.83M $489.98M n/a $224.15M
Max Profit / Current MCap: 1.859 1.513 n/a -0.346
Max Profit Per Share (Gold): $0.30 $0.55 n/a $0.25
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.30 $0.55 n/a $0.25
Total Free Profit Per Share: $0.08 $0.01 n/a $-0.06
FD Mkt. Cap / Gold Eq.: $105.93 $239.87 n/a $133.94
FD Mkt. Cap / Silver Eq.: $1.27 $2.92 n/a $1.65
FD Mkt. Cap / Per Metal
as % Spot Price:		 8.27% 15.80% n/a 7.53%
Measured &
Indicated		 01/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.30M 2.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.50M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.93M 1.93M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.93M
Maximum Profit (Gold): $379.25M $699.04M n/a $319.79M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $379.25M $699.04M n/a $319.79M
Max Profit / Current MCap: 2.652 2.159 n/a -0.493
Max Profit Per Share (Gold): $0.43 $0.79 n/a $0.36
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.43 $0.79 n/a $0.36
Total Free Profit Per Share: $0.20 $0.25 n/a $0.05
FD Mkt. Cap / Gold Eq.: $74.25 $168.13 n/a $93.88
FD Mkt. Cap / Silver Eq.: $0.89 $2.05 n/a $1.16
FD Mkt. Cap / Per Metal
as % Spot Price:		 5.79% 11.07% n/a 5.28%

Reserves &
Resources		 01/20/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.80M 2.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -4.26M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.15M 2.15M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.27M
Maximum Profit (Gold): $423.55M $780.71M n/a $357.15M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $423.55M $780.71M n/a $357.15M
Max Profit / Current MCap: 2.962 2.411 n/a -0.551
Max Profit Per Share (Gold): $0.48 $0.88 n/a $0.40
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.48 $0.88 n/a $0.40
Total Free Profit Per Share: $0.25 $0.34 n/a $0.09
FD Mkt. Cap / Gold Eq.: $66.48 $150.55 n/a $84.06
FD Mkt. Cap / Silver Eq.: $0.79 $1.83 n/a $1.04
FD Mkt. Cap / Per Metal
as % Spot Price:		 5.19% 9.91% n/a 4.73%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week
Processing

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.