An article by MiningNews.com journalist Michael Quinn has put the spotlight on West African Resources' takeover potential as mid-tier gold miners aim to build platforms for future growth.
The article highlighted the attractive economics of West African's Sanbrado project in Burkina Faso, which is in its financing stage of development.
"...with initial production of 150,000 ounces per annum at all-in-sustaining-costs of $US708 per ounce there would likely to be no shortage of third parties crunching the numbers and taking a very close look," Quinn wrote.
"Especially with the market valuing the project late this week at what appears a very paltry $A75 million or so.
"Aside from the broader gold space looking a bit frayed at the moment before the market re-sets after an expected US rate rise, the soft interest in WAF follows an open cut feasibility study at Sanbrado that was assessed by many as �solid� � as opposed to �spectacular� or �compelling�.
"However the assessment looks a bit myopic."
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