Nice! We've been talking about LSG over on the Porch this afternoon. LSG was Van Eck's BAA of 2013. Both Van Eck and the ETF they manage (GDXJ) started accumulating LSG in late 2012 prior to it plummeting to the .16's in late June.
I'm really hoping that by them accumulating BAA starting in late 2013 the way they did LSG in late 2012 they are displaying the same type of foresight. As I explain in the last message on the Porch thread BAA has a much higher upside due to its soil that keeps its all-in costs down.
BAA just posted a strip ration of .8 to 1. They are pulling more ore out of Twangiza than waste soil! In two years or so Banro may have 4 mines all doing that. That could translate to 36,000 to 40,000 ounces of gold per month with all-in cash costs under $800 and possibly under $750!
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