RE:Math on the paymentsIMO, management are very conscious of this issue. Whilst they're ambitious, I think they'd be foolhardy to go "full steam ahead" with Agbao until it can be funded out of cashflow, without needing to increase the debt facility, and I don't think they'll do so, judging by their responses to questions around this issue in conference calls.
The market is saying it doesn't need more gold, at present, so IMO miners (including Endeavour) need to be disciplined and hold off on new projects until buyers are screaming for more gold. They shouldn't "foul their own nests" by oversupplying the market.
Mark