Resources are well known from Q1 2014, 600000 OZ counted the variant two mines with increased production 300000 oz per year - Namoya and Twanziga, or together with some disproportion- one twice more as second etc. Eventually plus synergy effects from Kamituga and Lugushwa
Q1 Financial Results 2014
banro.mwnewsroom.com/Files/2e/2e1d63e3-725d-47e3-a0b1-771b76719017.pdf
Resources
Property Measured Indicated Inferred
Tonnage
(Mt) Grade
(g/t Au) Gold
(oz) Tonnage
(Mt) Grade
(g/t Au) Gold
(oz) Tonnage
(Mt) Grade
(g/t Au) Gold
(oz)
Twangiza Oxide 9.51 2.39 0.73 16.38 1.61 0.85 4.66 0.85 0,13
Twangiza Transition & Fresh 6.29 2.21 0.45 134.24 1.29 5.56 21.21 1.09 0.74
Namoya Oxide & Free-milling 24.58 1.96 1.55 6.36 1.52 0.31 6.64 1.59 0.34
Lugushwa Oxide 17.03 1.32 0.73 8.86 1.39 0.40
Lugushwa Transition & Fresh 107.60 1.34 4.48
Kamituga
Surface 4.14 2.4 0.32
Kamituga Underground 3.12 6.00 0.60
TOTAL Measured & Indicated - 10.18 million oz of gold
Inferred Ounces - 7.01 million oz of gold
--------------------------------------------------------------
TOGETHER 17,19 MILLION OF GOLD OZ, DIVIDED 600000 OZ PER YEAR = 28,65 YEARS, VERY CONSERVATIVE 20-25 YEARS, 14 YEARS MENTIONED BY BANRO IN TWANZIGA BY 100000 OZ MINING YEARLY WITH 15% USING OF EXPLORED RESOURCES
In chapter DEBT, I must sorry, my mistake. The total debt $204,055
mil. within $90 mil. nondilutive financing included in February
2015 minus $20 mil. tranche paid in February 2015, on the end of
Q1 2015 = $204,055 mil.
"In February 2015, the Company signed definitive agreements for financing transactions of $90 million and closed the first tranche of $20 million (refer to corporate development below). The $70 million remainder of the financing transactions were closed in April 2015 (refer to subsequent events below). With the completion of these transactions in April 2015, the Company has extinguished certain debt instruments and improved its financial leverage"
So the DEBT on end of Q2 2015 imagines $204,055 mil. minus $70 million paid in April 2015 = $134,055 million.
