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Semafo Inc. T.SMF

Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Bullboard Posts
Post by TOCATon Feb 21, 2013 12:06pm
411 Views
Post# 21023057

This is GREAT news!

This is GREAT news!

It should double the share price at least. They say they will haul as much as possible from this pit which is more than double the grade of Wona with higher recovery. It may be that more is discovered there as well as their drilling budget will now be concentrated there. $1000 per oz profit with lower cost and discounted at 5% over 6 years = $746 mil. Company is only priced at $636 today for Wona, Keneiro and Samira. Production should increase to 400,000 oz per in 1.5 years at lower costs mostly from Siou. I think gold prices will hold as currencies are debased around the world they may even mover higher.

Bullboard Posts