Great commonsense announcement from two well run companies. I had been wondering about why WAF had been silent on grid power connection for Sanbrado given that Orezone is touting a US$100-150/oz drop in AISC from grid power once installed in the next two months. My guess is that the AISC drop for WAF wouldn't be quite as significant because Orezone has particularly pricey hired diesel power currently.
The more interesting aspect of this is it being an obvious pre-cursor to eventual consolidation of the entire district. A combined Orezone and WAF in 3 years could be producing 700koz and would be an attractive hub for a major. With Burkina Faso headline risk the timing isn't right for it just yet, but hopefully things can slowly improve in the country. I had thought that a cashed-up company company like Perseus might be king-maker and dilute the BF risk across its portfolio.
WAF Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
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