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baystock1

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baystock1

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Re: SCgold post# 56457

Monday, 09/26/2016 11:55:01 AM

Monday, September 26, 2016 11:55:01 AM

Post# of 63744
Easier said than done. So why didn't they do a JV for Namoya instead of taking on so much debt and mine startup expenses that it nearly bankrupted them ? The only thing that has changed is that thanks to Baiyin they now how a chance to do a JV with a Chinese partner.


So for the cost to build this new mine ($160 million??), a JV partner can be a 50/50 owner of that mine's operation. That means Banro is 50% owner with no initial cash outlay.
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