Banro Corp. fka BAA

[Congo Mining]

1 Million Savings per Quarter on Diesel over the next year.

...at least.

It might be more like 1.5 million.

it's more than just a guess...***
it's highly probable to be fact****

From Last Q's MD&A

"Diesel costs decreased 9% during the three month period ended March 31, 2015 as compared to the corresponding period in 2014 as a result of favourable market conditions. As a result of the decrease in the cost of diesel coupled with the aforementioned increases in mine and mill productivity, on a per ounce sold basis diesel decreased 34% from Q1 2014 to Q1 2015."

DEISEL COSTS WILL DECREASE FAR MORE THIS QUARTER

http://www.banro.com/i/pdf/Interim-FS-Quarter-1-2015.pdf

PG 44 Look at the chart on that page.

You'll notice that the oil price declines have not yet factored into earnings...why?

They store fuel for the rainy season and are now replenishing inventory.

Kevin Jennings - SVP and CFO

"We will only receive partial benefit of lower fuel prices in Q1 as we carried high levels of fuel during the wet season and we will drive down those fuel inventory levels as we move through the dry season, getting the full benefit of the lower diesel price."

http://seekingalpha.com/article/3055106-banros-baa-ceo-john-clarke-on-q4-2014-results-earnings-call-transcript?part=single

We might save 1 million a quarter for the next year.

(1 mill / 18 mill)*100 = 5.556 % reduction of production costs.