Just part and parcel of being in West Africa.
WAFs two main projects have 15-20 year mine lives.
The new code looks to not be retrospective, so.... realistically, WAF is likely already doing almost everything possible to source locally anyway.
The company trades at a huge discount to most producers.... yet eventually, when Kiaka comes online, the market will grudgingly have to value it higher... or WAF just buys another project and develops it.
As Richard mentioned in the presentation, better to have a great project with risk, versus a poor one with low political risk.
Meanwhile... WAF has just returned to real exploration and is producing unhedged gold.
Keep it up WAF.
Ann: Burkina Faso Adopts New Mining Code, page-4
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