Although the terrorist risk gets the most attention, there is also a small political risk. In theory a new regime might find western aligned developers persona non grata. It's relatively easy to cancel contracts, permits etc.
Bearing that remote possibility in mind, developing mines sequentially, ie extract full return from the first before sinking profits and borrowed capital into the second is slightly safer.
Otherwise in theory, as soon as Kiaka is ready to produce both mines could be confiscated with no Sanbrado capital ever returned to investors at all.
The rapid expansion signifies our directors' confidence in their political relationships and investors hope that always remains.
WAF Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
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