…from its 3q18 financials, out last night:
1) WDO spent $9.75m on exploring and developing its properties during the quarter.
2) Working cap, at $13.2m, dropped by just $1.3m.
At this rate, they will be able to build Kiena without any capex raise.
What? Maximizing shareholder returns and looking after long-term shareholders? Wow, that must really annoy a whole bunch of offices in Toronto.