Tech, in reality the BV is much higher than $1.95. The $1.95 BV that you see doesn't include the value of the Gold Reserves in the ground. If you look at the BV calculation you will see that it does not include gold reserves. Of course, technically the mineral rights are owned by the DRC...BUT...as long as the DRC continues to honor the mining permits with the mining companies, such as they do now with Banro, the mining companies are the ones getting the value of the minerals, less a small percentage (sort of like royalty payments) that goes to the DRC.
The value of the gold reserves for all 4 mining properties under their permit is probably worth another $1.2 billion (using approximately 4 million ounces of gold for all 4 properties, current gold value of $1300/ounce less all in-sustaining costs of $1000/ounce).
Banro is much more valuable than people realize, but of course, it's all dependent on the stability of the DRC. The more stable the DRC is seeing by the world, the more valuable Banro becomes. The good news is that Banro has an excellent relationship with the DRC, and that is a very good thing because at the moment the DRC has shown no intention or reason for removing the mining permits.