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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

Comment by cigarbuttson Mar 28, 2019 6:36pm
161 Views
Post# 29551184

RE:Congrats 'butts

RE:Congrats 'buttsGood question.   Don't know.    Since Acacia backed out of their deal with Sarama makes me think those leases are not too prospective.   

Certainly the JV deal with Savary has value to Semafo.   But that value is not equal to the market cap of Sarama if Sarama  holds now the minority stake. 

Also,    Savary was very efficient with their capital over the past few years judging by the accumulated deficit and you could not make the same claim regarding Sarama.

Between Semafo and Teranga who would be the more likely buyer of ROXG?
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