Ann: Full Year Statutory Accounts, page-14

I looked into this last year...

Wattic was carried (exploration costs) as per original agreement through to production (which is now close), However they must repay all their 30% of exploration costs (over the years) back after production commences, which is likely in excess of 10mil out of their share of revenue, they will also need to pay for 30% of production including the loan and likely some form of rent for using our mill (which could be upto 1/2 of their profits) they also need to contribute upfront for all further drilling and development of the makinbinbi deposit from start of production, or they start to dilute their 30% share quickly. IMO wattic will not receive any revenue for years and will likely dilute their position over the course of time as well.
Naturally 10% goes to Senegal government.