WFRSF - West African Resources: A Re-Rating Has Started With Production Near
Most recently, the gold price has started to cool off a bit, after closing out the first month of 2020 trading at a very robust $1,584/oz.
Currently, the yellow metal is sitting at ~$1,558/oz.
Source: Goldprice.org
Fortunately, as I covered in a previous article, for a company like West African Resources (WFRSF), its flagship Sanbrado Gold Project (located in Burkina Faso) should be a high margin one, more than capable of generating ample free cash flow once in commercial production.
Overview
As a quick refresher, as long as the gold price can