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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
Comment by TOCATon Dec 09, 2013 1:31pm
222 Views
Post# 21986405

RE:RE:RE:RE:RE:Growth? What growth?

RE:RE:RE:RE:RE:Growth? What growth?Treetop2
I suppose they could let 1 mil oz of 4 gm/t sit untouched at Siou. I think they said the development costs at Siou were $12 mil. originally.
In the last five years they paid off $60 million debt and have $140 mil in the bank. They also spent years and a lot of money buying off the remaing hedges at $280 an oz.
They wrote off 2 unprofitable mines and are set with low cost mining and new discoveries.
Why would you bet on a nag instead of the Derby winner.
Bullboard Posts