Banro Corp. fka BAA

[baystock1]

IMO that is why (along with the large debt) Banro is now the most undervalued gold producer. It is a 200k+/yr low cost gold producer selling for $50 million market cap with the potential to organically grow production to 500-700k oz/yr due to its huge land position on a very prospective gold belt. Banro also has great management and 10 year tax holiday on their 4 mining permits. The CFO of Banro is the ex-CFO of Acacia. The CEO is the former CEO of Nevsun.

To turnaround the share price Banro not only needs to declare commercial production on Namoya, but to also show that it is on track to paying down its debt over time or being able to refinance when it comes due March 2017.

>>While it gives much skepticism, I believe the Share price already reflects the reluctance. Once commercial begins, it should be when gold is back on the rise. <<