StockRocketer, your EPS calculation, makes sense at $1.19.
$500 profit after $800 AISC @ $1,300 price of gold (POG). Annual EPS = $1.19. Then share price at reasonable 10 X EPS = BAA @ $12 per share.
So, BAA pretty darn cheap at a measly $0.215 today.
By the way, chart still looking pretty damn good on daily and especially the weekly (just needs to hold here or rise tomorrow).
Question: How do you derive 600K ounces of stable gold production per year, over 14 years? The Kamituga mine currently has under 100K oz. (yet very high grade ore), so I expect it to not be operational for a long period, unless greater discoveries are found.
Indeed, Twangiza will be expanded, as Banro management has already suggested.
Other mines on wide open land very likely to be explored and developed in time, too.
Thank you Stockrocketer for your detailed response. I would agree with you that Banro is the better buy than EDVMF due to the larger resource base in the ground which can lead to organic growth in production. EDVMF's production growth has come thru 3 acquisitions to date. Also Banro has lower ASIC, lower tax rate and owns 100% of the mine.
But due to my having 90+% of my stock portfolio in Banro, I keep looking for another gold producer that is a better value so as to be able to diversify. I have been owning Banro for 1 year now and so far have not had any luck in finding another miner that is as undervalued.
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