Replies to post #56457 on Banro Corp. fka BAA

[baystock1]

Easier said than done. So why didn't they do a JV for Namoya instead of taking on so much debt and mine startup expenses that it nearly bankrupted them ? The only thing that has changed is that thanks to Baiyin they now how a chance to do a JV with a Chinese partner.

So for the cost to build this new mine ($160 million??), a JV partner can be a 50/50 owner of that mine's operation. That means Banro is 50% owner with no initial cash outlay.

[StockItOut]

Great points. And as POG increases so does $300-$400 margins.
Admin costs + All In Sustained Costs = Consolidated AISC.