Replies to post #56450 on Banro Corp. fka BAA

[celtics1]

The mine has 3.2 million oz

Maybe this is the solution to the debt

That's a lot of gold.

I have heard gold in the ground is worth between 300 and 400 dollars
An ounce.

[badge0913]

Unless POG drops into the abyss (which I do not see happening) .. their asset base (today) is much higher than their debt liability. Plus they have so much more land yet to explore, which I'm sure has a whole lot of gold.

Given the current, global financial environment ..

As this article states:

http://realmoney.thestreet.com/articles/09/24/2016/whatever-happens-gold-stands-gain

"The most logical asset class that should perform well in all of those circumstances is gold, and my preferred method of doing so is through the gold miners."

Buying BAA at 32 cents is (to me) .. a sure winner in the long run.