Banro Corp. fka BAA

[penelopeabril]

Let me paint a bullish picture for you...

- 200k-220k oz gold produced w AISC around $800
- Gold Prices of $1300+ possible in the near future
- 3+ million oz gold in proven reserves
- annual revenues of $240 million to $285 million
- profitability of $100 million per year before debt service. We currently carry $180 million in debt so around $18 million would take care of debt service, which leaves profitability around $80 million
- I figure 5x earnings at a minimum on $80 million gives us a market cap of $400 million or a stock price of $1.25-$1.50

These are very forward looking arguments, but I do think this stock could be $1.25 or more by the time Q2 earnings come around. Especially if gold is in that $1350 range.

Commentary is always welcome