Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-171

Great news Walmak
I hope they move to West Africa.
Could have better luck there....haha

Quarter after quarter for years
Cost of operating is $50 million plus a quarter

Guidance is for 150k.....22k oz more than last year.
150k oz at $1350 just about covers that.

That is best case scenario

I dont see much cash left from Sprott loan
after paying out existing debt
and funding plant upgrade

Sprotts 8.5% plus will have to be found.

All the loan really does is give management an extra year
To find another gig.

Are the best grades at Tucano still to come
I doubt that.

BDR is dying a slow death

Imoo Cheers