WAF west african resources limited

Ann: Burkina Faso Adopts New Mining Code, page-25

  1. 6,831 Posts.
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    That's tough luck that is. It is an AK47 jurisdiction after all. The resource curse* strikes again. Regardless WAF will survive this. Thrive even. Australians are resilient.

    High grade** the hell out of the BF asset and then use the profits to buy an assets in a safer jurisdiction. WAF BOD and management pretty much have this in mind as a solution right about now. If RED can do it (after it got bent over in the Philippines) WAF can do it too.


    - * The resource curse is a paradoxical situation in which countries with an abundance of non-renewable natural resources experience stagnant economic growth or even economic contraction.
    - ** In mining, high grading refers to mining out the portions of the orebody that has the highest grade of material to be mined.

    Last edited by Exised: 08/08/24
 
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