Banro Corp. fka BAA

[Groenspaan]

NPV of Twangiza at 1200 USD is 285M based on Margin of 1200-888= approx 300.
With gold price at 1050USD, NPV of Twangiza alone is approx 140M.
Total debt currently is approx 300M (? Have to look this up, anyone an update?)
If instrinic value is 1 usd per share total market cap would be around 250M.
So Namoya and the two license should be worth 250 + 300 -140 = 410M.
At current gold levels a bit optimistic but with gold at 1200USD easily and at other prices you can do the math yourself.

- Average total cash operating costs over the current life of mine of
US$699/ounce, with total cost per ounce over the current life of mine of
US$888/ounce.
-- Post-tax net present value ("NPV") of US$285 million based on a 5%
discount rate and a gold price of US$1,200 per ounce.