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Re: nagoya1 post# 43125

Sunday, 10/18/2015 4:45:20 PM

Sunday, October 18, 2015 4:45:20 PM

Post# of 63744
Thanks nagoya1, good points, 500km between the two.

Regarding Namoya commercial, it is interesting to note that per the recent Q3 production report update, that the average three month facility capacity of Namoya was 69%. And we understand there needs to be an average three month at-capacity of 60% to declare the mine commercial. Begs the question, why not yet?

Maybe Banro management prefers the CapEx for Q3 compared to the low gold selling price for profit. And/or they want to have their numbers shine for Q4 as a standout from Q3 and previous quarters?

Again... we'll find out.

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