Banro Corp. fka BAA

[dark knight]

Appreciate the time spent putting that together, but I disagree with some of your assumptions.

Twangiza produced 36k oz in Q1 and 34k oz in Q2. Thats on pace for 140k oz for the year. Namoya would only have to produce 80k oz for the year to meet your 220k yearly assumption. I believe combined production for both mines will significantly surpass the assumption you used.

Also, I believe your $800 AISC assumption is too high. AISC for 1st half of 2015 was $643. I understand that will likely rise some with more production from Namoya, but doubt it would raise the average to $800 across the board. Keep in mind that a $100/oz reduction in your AISC assumption adds 22 million to your revenue projection.

Time will tell who is closer on the predictions/assumptions, just want to keep it real. Saying that the company is going to file for bankruptcy is a very bold prediction. I don't share that opinion.