WAF in Burkina Faso with a much higher islamic violence risk than Ghana CDV with a Reserve currently 3 times WAF, and LOM annual production ~2 times WAF, has much more leverage to gold price. CDV with 5.1M Reserve has TO appeal much more suited to the big boys or a JV partner NPV is heavily skewed towards front end cashflows which flatters WAF compared to CDV. (ie WAF has much lower capex and heavily front ended production) U/G production is inherently riskier than very large bench,low strip open pit mining Even diluted for CR and dilution risk, average analysts have CDV valued at 50% higher or more than WAF (ie avg $1.10 ve $0.60 before POG spiked) CDV 12 months behind WAF and funding still in the air. Some discount is reasonable, current discount way too high.
Market must be reading our posts lol, testing friday's highs as we write
CDV Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held