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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Comment by birch1on Nov 04, 2014 3:35pm
104 Views
Post# 23094110

RE:RE:RE:NEWS FOR BAA PAPER!!

RE:RE:RE:NEWS FOR BAA PAPER!!Well, they are getting $1000 per ounce frankly when their cost at max is $850, so this is good money to get everything settled.  They alreaydy had the $35 million backstop, so, the Namoya project pays them  $666 per ounce up front at 12000 ounces per year (assuming 10 year life...we all know much longer) plus, $300 per ounce on delivery for $80 million up front cash.  Hello??? Gold Holding wants to the supply.  Go do some research on what they are up to.
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