WFRSF - West African Resources To Join The Ranks Of Intermediate Gold Producers
Investment thesis
It’s rare for a gold miner to deliver a project ahead of schedule and under budget but there's a company in West Africa which seems set to achieve this in the near future. West African Resources (OTC:OTC:WFRSF) built and commissioned its Sanbrado mine in Burkina Faso around 10 weeks ahead of schedule and managed to do it $20 million under budget. Commercial production is set to begin by the end of the second quarter of 2020 and the company should start re-rating shortly after that as it completes the successfully transition