RE:Invest in British columbia where we have ounces per ton.
Gotta look at the numbers... !! Cut off grades at the mines are from 0.4 to 0.8 g/tonne.
So yes, lower grade ores... but also if they are cheaper to mine (near surface) and cheaper development costs.... means more than deep ore oz/tonne mines with huge development and operating costs.
So it is not comparing apples to apples.... let the financials speak for themselves.... and BAA financials have spoken.
Let's see what the next Quarter financials bring to the table !!
Or compare to Imperial Metals trying to Operate Gold and Copper mines in BC.... they lost $33 Million in Q1, 2015.
Or compare to NewGold (NGD), operating in BC.
They lost $5 MM in Q1, 2015 and look at their 'all in' sustaining costs of over $1,000 / oz ... .almost double what Banro is !!
2015 FIRST QUARTER HIGHLIGHTS Gold production increased by 4% to 94,977 ounces when compared to the prior-year quarter Copper production of 23.0 million pounds Silver production of 0.4 million ounces All-in sustaining costs(2) of $1,014 per ounce, including total cash costs(3) of $486 per ounce Adjusted net loss(4) of $5 million, or $0.01 per share - See more at:
https://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2015/New-Gold-Delivers-First-Quarter-Production-Growth-New-Afton-Mill-Expansion-Ahead-of-Schedule-and-Below-Budget/default.aspx#sthash.HxNFNgbW.dpuf
If you have examples of Gold Miners operating in BC with better financials and numbers than Banro, regardless of ore grades.... please post and enlighten us !!!
SD