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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 Bobwinson Apr 01, 2009 6:14pm
326 Views
Post# 15889405

RE: RE: RE: RE: acquisitions?

RE: RE: RE: RE: acquisitions?Wega looks very promising. Good find.   Project is overbudget and delayed.  Company had to seek additional financing last year and needs more now because of the delayed construction.  Has had to hedge over 300,000 oz of production but at $958/oz and has flexible features that allow Wega to produce all gold at $958/oz if gold price falls and spread out production if gold is higher than 958.  Let's hope one of these turns out to be the real deal and Semafo jumps into the Intermediate Producer category.   Bobwins
Bullboard Posts