Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Something doesn't add up.
Namoya was able to stack 130 tonnes in may and 140 in June. Since the design capacity is 190 then we should be 135/190 or at 71% of 9000 to 10000oz design output (or 6800oz per month) by now.
Since they were not able to use the new mining fleet they settled for a lower head grade of 1.6ish g/t compared to the 1.97g/t which would lower the total per month from 6,800 to 5400oz.
Assuming they get up to 190tonnes per month and have a head grade of 1.97 g/t, I only get 7,800 oz per month max.
There is something wrong or there is a lot of gold that still hasn't been fully processed.
"Contained gold stacked on the heap leach increased to approximately 24,000 ounces or about 48% over the previous quarter. However, due to heap leach operations requiring several months of percolation to fully recover the leachable gold, gold production in the quarter increased by only about 15%."
If you read this statement from the PR, gold on the heap leached increased 48% but there was only an increase of 15% q/q so assuming we make up that difference this quarter we will have at least 5400oz per month in Q4. Which will bring production up to 50K oz.
Rant over...
Yeah,
We should be on track for 5-7K per month in Q4. So that should be about 18 + 32ish or ~50K ounces.
To put that in perspective LSG trades at $.90 with a 530 million dollar market cap while producing 53000 oz per quarter.
Seems pretty obvious that this is still undervalued.
"However, due to heap leach operations requiring several months of percolation to fully recover the leachable gold"
This is unfortunate as they still haven't received the complete fleet of the CAT 777's. This means the 9-10K ounce per month won't be realized until Q1.
Anyway, the company is still making great progress and the issues will solve themselves especially with stronger gold prices (assuming the dollar doesn't go to shit and the all in costs don't rise more than the POG).
Yeah multiply by .45 and you get the $112K...
Oh wow a little over $100k...
Lol because if you say something enough it eventually comes true.
Thanks.
Do you recall the strike price of the convertibles? If I recall correctly it was around .50
Anybody want to provide an analysis of the preferred shares?
What is the conversion rate and how many additional common shares will be issued?
That would be the only possible concern with this stock and I don't have time to do research.
Mine life is extended by 6 years and their all in sustaining costs are insanely low. All the debt has been managed and it is about 50% of the book value.
Don't see how investors aren't jumping on this thing.
Nagoya,
It was a number I remember from one of their Powerpoints. I believe it was the one that addressed the hydropower they were trying to get online
Lol I take it you are screwing with me now...
Oil is the base for diesel/unleaded/kerosene/etc
Ok but when a third of your cost to produce is energy, maybe oil is kind of important.
Why?
If the dollar goes down, oil goes up which increases Banro's cost to produce. So if gold isn't going up proportionally to oil it is a bad thing.
Blue, forgive them, for they know not what they do
FOMC minutes out today
http://www.federalreserve.gov/monetarypolicy/files/fomcminutes20150429.pdf
IF you are curious about the POG
Blue I didn't (that is why I said they had the land and cash to explore) but thanks for clarifying lol.
PS where are all the GSS fan boys now?
Mine life is currently at about 6 years at twangiza which may have investors weary. 6 years will be more than enough to settle any debts and they have the land and cash to explore.
Investors just don't know about it so this would be a great release.
Need .40 to have the 100mil market cap
Yeah but http://kiddynamitesworld.com/chart-gold-vs-u-s-debt/
Should be 1700-1800 like I stated but the drastic consequences of QE may get it to rise above the correlation.
If 5K happens in the near future (5 or so years) the dollar is going to be restructured in some form.
Gold's value should be at 1700-1800. Gold will never reach $5K because the dollar would be restructured by then.
Gold is actually about 1,400 dollars right now if you factor in the strength of the USD compared to what it historically was during QE
RSI is a bunch of BS. It may somewhat work without news and new earnings but at the end of the day an asset will converge to what the market prices it at and this one is undervalued.
Healthy and expected pullback.
If gold stays green, it is only up from here.
I'm out at .35. I have a feeling I will regret it tmw but I bought most of my shares (continuously flipping) at .13-.14.
Can't be upset with the profit. Good luck to all tomorrow.
Well if you take the dollar back to where it was about 9 months ago, gold would be $1460/oz.
So they should still be making a pretty good profit.
Do you have the direct cost of oil in terms of production?
I know there are a lot of factors and they do generate their own power, so it's probably not a simple calculation.
Energy in Vs. energy out is what everything comes down to especially mining.
Gold is down right at the 10am fix, interesting. With the -2.9% GDP I doubt the fed will be hawkish tomorrow unless they completely weigh their policies on job data.
Either way I doubt BAA will care unless we hit above 1400
Anyone see the correction in the Platinum to gold ratio? We are at 1.13 and historically over the last 25 years we have seen a ratio of 1.4. We were actually below 1 for a while in 2013.
Gold has gone up for it's demand as compared to platinum but platinum is a much more scarce metal.
Since platinum manipulators just recently got charged, it seems like this metal will be a lot harder to manipulate.
If I had access to the moon I would bring back He-3
If gold heads that high it will be the result of inflation, meaning it will cost more per ounce to produce.
What would you estimate the forward PEG to be?
Same thing...
But thanks for making me more depressed with all the other payments on debt haha
"all-in" costs do not cover the 55mil preferred shares that receive dividends
I agree with you long term but short term gold sentiment has pushed miners below their true value. I think they will react rather quickly when gold comes back (this stock jumped up and down 20 percent last summer).
You know m0 is just what is in "paper" that is an irrelevant number
Understood that but saying that has the connotation that baa is a blue chip investment.
Anyways the consensus for the gold price drop (media) was the strength of the us dollar and out preforming retail sales lol... look at how well that's going
Lol she said "blue-chip". Banro is a stock that will eventually rise but it still has dropped to ~.50 cents from $5. I see blue chip as a safe investment that is guaranteed to move slowly and constantly.
This one isn't a blue chip at these prices, it's a gold mine!
I think it has a lot to do with investment groups mostly stating by year end gold will be at $1050. If this is what people believe (obviously wrong since we are in a rally) then why would they put money into a company with debt and can not produce revenues in the foreseeable future?
Once gold crosses 1400 there will be a huge move to miners because it proves the so called analysts are wrong about gold.
Until then I will buy and BAA is my favorite miner.
I have a couple 50k blocks ready to buy if someone wants to drop the pps down to .46 or lower
ask at 199,999.99 on the nsdq lol
Anybody ever check out STADF? They look pretty similar to BAA...
Seems like van eck associates dumped 6 million shares recently