West African Resources (ASX: WAF) - Gold and Africa, Back in Favour

It doesn't seem that long ago that both gold and West Africa had fallen out of favour with investors in a major way . But as we know in the resources business, things are cyclical and sentiment can shift very quickly indeed. Which brings us to West African Resources (ASX: WAF), which as its name suggests has a major presence in the West African nation of Burkina Faso. The key aspect with the company is that it has a highly experienced bunch of directors, who fully appreciated Africa's potential long before it ever became 'fashionable.' Accordingly, they've quietly and methodically built a very strong gold resource position and are in the process of completing an enhanced Feasibility Study, with the aim of attaining production as quickly as possible. The key with its project are the extremely high gold grades, which in turn should translate into a robust commercial operation within the next 18 months. The stock is up by more than 140% since our initial coverage in September 2015.

Gavin Wendt
Founding Director

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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