Banro Corp. fka BAA

[~ Blue ~]

BAA realized Q2, estimated Q3 and Q4 production

For Q2

Twangiza Mine

Twangiza produced 21,431 ounces of gold in Q2 2014, an increase of 10.8% over the same quarter of 2013, despite rainfall affecting Twangiza in April.

Namoya Project

Commissioning commenced in May 2014 and continued through June 2014. As part of the pre-commercial gold production Namoya produced a total of 1,458 ounces of gold in the second quarter (65,858 tonnes of material processed at an average grade of 2.31 g/t Au, to both Heap Leach and CIL (Carbon-in-Leach) combined).

TOTAL Q2 GOLD PRODUCTION: 21,431+1,458= 22,889
Average gold price received US$/ounce 1,292
So Q2 revenue 29.6 million dollars.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10089949
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BAA q3 Expected PRODUCTION

BETWEEN 21,000 AND 25,000 OUNCE FROM Twangiza

BETWEEN 9,000 AND 12,000 OUNCE FROM NAMOYA
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TOTAL: between 30,000 and 37,000

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BAA q4 Expected PRODUCTION

BETWEEN 23,000 AND 27,000 OUNCE FROM Twangiza

BETWEEN 18,000 AND 22,000 OUNCE FROM NAMOYA
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TOTAL: between 41,000 and 49,000

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10089949
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SO average GOLD PRICES DURING THIS Q3 will be over 1,320-1,350 dollars.

At Q4 it will be between 1,350 and 1,450

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so expecting some profit at Q3 and Q4..

this is very undervalued gold stock imho..

i am a buyer