Banro Corp. fka BAA

[JDUR]

Something doesn't add up.

Namoya was able to stack 130 tonnes in may and 140 in June. Since the design capacity is 190 then we should be 135/190 or at 71% of 9000 to 10000oz design output (or 6800oz per month) by now.

Since they were not able to use the new mining fleet they settled for a lower head grade of 1.6ish g/t compared to the 1.97g/t which would lower the total per month from 6,800 to 5400oz.

Assuming they get up to 190tonnes per month and have a head grade of 1.97 g/t, I only get 7,800 oz per month max.

There is something wrong or there is a lot of gold that still hasn't been fully processed.

"Contained gold stacked on the heap leach increased to approximately 24,000 ounces or about 48% over the previous quarter. However, due to heap leach operations requiring several months of percolation to fully recover the leachable gold, gold production in the quarter increased by only about 15%."

If you read this statement from the PR, gold on the heap leached increased 48% but there was only an increase of 15% q/q so assuming we make up that difference this quarter we will have at least 5400oz per month in Q4. Which will bring production up to 50K oz.

Rant over...