Banro Corp. fka BAA

[StockItOut]

I took 'lower average realized price' to reflect difference between market price of Gold, and the Namoya 8.33% and Twangiza 11% streaming deliveries which bring in just $150 per ounce. Calculation was over $100 oz. lower differential from market price. These in affect are cash charges because sales price is not market price. The $5,900 non-cash charges are from the forward sales, warrants and preferred share arrangements.