Bullboard - Stock Discussion Forum Semafo Inc. T.SMF

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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... see more

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Semafo Inc. > 30% in 6-8 months

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Post by moreorles on Dec 04, 2019 9:48pm

30% in 6-8 months

You've got to know that with the new revenue sharing laws the government is as motivated as the mine owners to get this operational. Just my opinion but l am expect this to be north of 3.30 by mid summer, as long as gold prices hold up. DYODD

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Comment by asforecasts on Dec 05, 2019 1:48pm

The airstrip and a govt security screen to cordon 1/2 mile around the site are the solutions. The govt will not commit the large number of troops to protect the road to the mine. Mines in the middle of the country are reasonably secure. Bongou is near the border with Niger. Have to wait for the airstrip to complete and new contractor company to supply labor. The key is to have a ...more

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Semafo Inc.