Replies to post #37343 on Banro Corp. fka BAA

[TexasRambler]

Q1, approx 6.7 million in profit on 45,000 ozs = < $150/oz. Q2 approx. 44,000 X $150.00 = 6.6 million. Now in Q3 so far Gold $100/oz cheaper. $50 X 45,000 = .01 per share . if production goes to 60,000, 60,000 x $50 = .01 per share. Simple calc maybe but it points to lower profits if gold stays down.

[Stockrocketer]

In Twanziga are reaching costs from beginning $682 by the end of 14 years projected production something about $900 per mined gold oz, but do not forget the Namoya has a $580 per mined gold oz costs, together make the mining costs $629 per both subsidiaries on half of production period- 7 years. The yearly profit $91 million per year by the price of gold $1080 per oz, by the price of gold $1200 per oz $118,768 million, in first case $3,51 PPS in 10x EPS MODEL,IN SECOND CASE $4,65 PPS in 10x EPS MODEL!

BUT TWANZIGA AND NAMOYA ARE ONLY 16% OF INDENTIFIED RESOURCES OF 10,81 MILLION GOLD OZ TOGETHER WITH LUGUSHWA AND KAMITUGA!

Much more dollars are in, as seems to be a easyviewed!!!

[baystock1]

What about interest expense on their debt ? That will eat up a good chunk of their earnings.

Also that $888 AISC is disappointingly high and no longer makes them the lowest cost miner in the world. I thought the expectation was for AISC to drop further from the $589 level seen in Q1. Instead it is going up 50%, after depleting the high grade zone they are currently mining.