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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
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

Semafo Inc.
Bullboard Posts
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Post by Bobwinson Mar 24, 2009 12:37pm
517 Views
Post# 15866140

solid performer

solid performerSemafo is outperforming most gold stocks.  Nice 3% gain today in spite of gold weakness.  

Reserve/resource report was ok.  Overall resources didn't increase as much as I thought they would.  

Solid earnings report continues to highlight improvements in efficiency and upside at Mana.  I think Semafo is still undervalued compared to it's W African comps and I think SMF is being accumulated by funds.  

Bobwins
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities