Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 22, 2009 11:47pm
402 Views
Post# 16159054

RE: own more of project means higher SP

RE: own more of project means higher SPThis was a freaking steal!!!!$0$0$0$0In 2008, with 40% ownership, SMF.to produced 71,000 oz from Samira.   From now on, our production from Samira will double!   The reserves, resources and inferred are over 2 million oz of gold!  Without any more exploration expense, no waiting, we get another 17,000 oz per qtr!!!!!$0$0$0$0$017,000 oz/qtr X $900/oz = 15,682,500 gross revs.  We are going to get our $3 million cash back in a qtr!!!!!!$0$0$0$0$0This is going to put SMF near 300,000 oz per year!   $0$0$0$0$0This is a tremendous bonus for Semafo.  Glad we didn't get HIghland Gold's property.  This is much, much cheaper and a terrific testament to mgmt!   $0$0$0$0$0Bobwins$0
Bullboard Posts