Ann: Burkina Faso Adopts New Mining Code, page-13

While this may be considered a negative for the company, I see it as a potentially fantastic opportunity.

If I was the BF government I would want to see its mining lease that have been granted producing income for them.

As seen with many mining leases, companies just land bank the leases, do minimal drilling and dont progress the asset.

The government needs the revenue flow from leases and subsequent mines being built. dealing with the

I think they are trying to put a rocket under companies to develop leases into mines. Similar to what happened to RIO and its iron ore project in Africa. Until a gun was put to their head, they just sat on the resource. Now its being developed.

If companies dont develop there leases, there may be an opportunity for WAF to get more leases in BF. As a government wouldn’t you back companies who are developing assets and paying royalties and taxes?

I think management are doing a fantastic job, managing the existing mining operation, developing a new mine and dealing with the government.

If the government has income, people are employed, the economy flurishes and stability occurs.

All situations need a win win.

GLTA

DYOR