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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
Post by shiftmanon Jan 22, 2013 4:25pm
148 Views
Post# 20874172

two years

two years

waiting for word on the hydro transmission line to the mana mine.  Company states this line when built will save 10,000,000 a year in diesel costs.

the company has no idea if construction has started since its the government power company that build the line or contracts it.

in a phone call the company states line contract has been approved.

Has construction started on the line?

we don't know.

have you  payed the funds to start building the line?

no

This hydro transmission line will make a big difference in the per oz cost should bring mine costs down from  recent example 2  908 per oz cost.

The company states after two years it should be complete in QU  2 2013.

They do not know if construction has started.

all bet they do know what their stock options are.

 

Bullboard Posts