RE:It Appears Friday after the closewhy you are here? just fpr fun or for bashing?
we all know the IRR of banfora is not great right now ... but the resource will grow and the IRR will rise.
Exploration will be the key here!
The cashcosts per ouce are very low, thats important!
“Our first reserve update, based upon completion of an infill drill program designed to convert inferred resources to reserves, is scheduled for the first half of 2018. Overall, we anticipate a conversion rate of between 25% and 50% of the inferred ounces. The second update, anticipated prior to first pour at Banfora, will reflect our progress exploring more than a dozen targets within trucking distance of the proposed mill. We expect that with the growth of the Banfora reserve base the mine life will extend well beyond the initial 9-year mine life,” added Mr. Young.