WAF west african resources limited

General topics, page-51

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    The effective interest rate needs to take into account the royalty payment (they call it a PPA) which will cost over $18M , unless bought back , we have not been given the price it can be bought back at , using a broad brush I am costing the royalty at 1.5% of the 265M loan for 5 years which comes in at around $20 M
    Should discount that 20M for time but that is getting too difficult to work out for me
 
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