StockRocketer, your EPS calculation, makes sense at $1.19.
$500 profit after $800 AISC @ $1,300 price of gold (POG). Annual EPS = $1.19. Then share price at reasonable 10 X EPS = BAA @ $12 per share.
So, BAA pretty darn cheap at a measly $0.215 today.
By the way, chart still looking pretty damn good on daily and especially the weekly (just needs to hold here or rise tomorrow).
Question: How do you derive 600K ounces of stable gold production per year, over 14 years? The Kamituga mine currently has under 100K oz. (yet very high grade ore), so I expect it to not be operational for a long period, unless greater discoveries are found.
Indeed, Twangiza will be expanded, as Banro management has already suggested.
Other mines on wide open land very likely to be explored and developed in time, too.
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