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So WAF still have $175M of debt to pay off while holding +80M cash/gold end of Dec. The Sanbrado mine and plant was built using part debt. This 2021 calendar year will be the first where they reach fully ramped up production, forecasted to be well in excess of the average > 200kozs p.a for the 10 year Sanbrado plan. In 2020 they were still developing and gathering steam and recorded a loss.

So cash will go also to exploration ($US12.5M)

Also 'Between Lines Finance' on Patreon/Youtube in an earlier video gave the opinion that this whole team of exploration, construction and mining has been so successful at Sanbrado that management wants to hold it together by finding another big project from scatch.

However in his latest comments (see vid) he seened to favour the possibility of a merger with a similar company and ventured as a candidate Rox Gold which has an asset in Cote D'Ivoire as well as Burkina Faso

His latest vid has been unlocked, so I assume its ok to post:

[MEDIA=youtube]prGFlUlh1ns[/MEDIA]

<blockquote data-quote="finicky" data-source="post: 1114425" data-attributes="member: 2104">So WAF still have $175M of debt to pay off while holding +80M cash/gold end of Dec. The Sanbrado mine and plant was built using part debt. This 2021 calendar year will be the first where they reach fully ramped up production, forecasted to be well in excess of the average &gt; 200kozs p.a for the 10 year Sanbrado plan. In 2020 they were still developing and gathering steam and recorded a loss.So cash will go also to exploration ($US12.5M)Also &#039;Between Lines Finance&#039; on Patreon/Youtube in an earlier video gave the opinion that this whole team of exploration, construction and mining has been so successful at Sanbrado that management wants to hold it together by finding another big project from scatch.However in his latest comments (see vid) he seened to favour the possibility of a merger with a similar company and ventured as a candidate Rox Gold which has an asset in Cote D&#039;Ivoire as well as Burkina FasoHis latest vid has been unlocked, so I assume its ok to post:[MEDIA=youtube]prGFlUlh1ns[/MEDIA]</blockquote>

[QUOTE="finicky, post: 1114425, member: 2104"] So WAF still have $175M of debt to pay off while holding +80M cash/gold end of Dec. The Sanbrado mine and plant was built using part debt. This 2021 calendar year will be the first where they reach fully ramped up production, forecasted to be well in excess of the average > 200kozs p.a for the 10 year Sanbrado plan. In 2020 they were still developing and gathering steam and recorded a loss. So cash will go also to exploration ($US12.5M) Also 'Between Lines Finance' on Patreon/Youtube in an earlier video gave the opinion that this whole team of exploration, construction and mining has been so successful at Sanbrado that management wants to hold it together by finding another big project from scatch. However in his latest comments (see vid) he seened to favour the possibility of a merger with a similar company and ventured as a candidate Rox Gold which has an asset in Cote D'Ivoire as well as Burkina Faso His latest vid has been unlocked, so I assume its ok to post: [MEDIA=youtube]prGFlUlh1ns[/MEDIA] [/QUOTE]

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