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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

Comment by asforecastson Nov 25, 2019 10:12pm
295 Views
Post# 30391800

RE:Next Summit in Dec

RE:Next Summit in DecCompany will need to establish its own security screen.  A thousand years ago travellers on the Silk Road needed to provide their own mercenary force.  Company will need to time their travel to combine as many people as possible into a caravan and coordinate with Burkina Faso militia (there are 45,000 in country).  Company will need to expand security at the mine.  Get ready for increased costs.  They cannot count on Burkina Faso paying for the militia but cost sharing might work.  Individuals would travel at their own risk outside of the travel cycle.
G5 security cannot divert to company's needs.  Only 4,000 troops and company taxes and royalties does not cover this force's costs.  BF government gets paid handsomely by the mine, let them get the militia to help.
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