BAA target is 1 Dollar by end of May. And multi-do
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Posted On: 05/02/2015 9:05:37 PM
BAA target is 1 Dollar by end of May . And multi-dollars by end of 2015
1) BAA~ Banro has done about 100 million dollars financing. And debt will be reduced to 150 million dollars level. Interest cost will be decreased. The company will not have any liquidity problem next 2 years. THE COMPANY WILL NOT SPEND MUCH MONEY FOR DEVELOPMENT OF MINES THIS YEAR. JUST 29 MILLION DOLLARS!
2) Reserve update news coming very SOON!
the on-going updated NI 43-101 reserves and resources statement that is expected to be released later this month.
http://news.banro.com/press-releases/banro-an...1000458001
3) Q1 financial NEWS is coming! revenue will be doubled according to production news.
http://news.banro.com/press-releases/banro-an...1000458001
4) I believe with good number of Q1 result funds and index funds will add BAA to their lists.. For example: If GDXJ adds BAA they can buy 20-50 million shares..
5) We know at Q3 Second mine will be fully operational. Gold production will be more than doubled this year. According to April 6 statement, http://news.banro.com/press-releases/banro-an...1000458001
Q1: production 45,197 ounce gold. (Even Rainy Season)
Q2: expecting minimum 50,000 ounce (Dry season)
Q3: between 65 and 75,000 ounce (Second mine will be fully operational)
Q4: between 65 and 75,000 ounce
So 2015 production at least will be doubled. huge numbers.. expecting between 250,000 million and 300,000 million dollars revenue with 1,200 dollars gold price.. If gold price average over 1,200 dollars those revenue numbers will be up as well..
6) According to Q4 , 2014 financial: Cash Cost per ounce DECREASED significantly 27% to 592 dollars. All in sustaining cost down to 638 dollars. THAT IS HUGE investors!!!. Because BAA's mines are OPEN PITS.. LOWEST CASH COST MINES.
I believe Cash cost per ounce will be reduced to 300-400 dollars during second half of the year WITH SECOND MINE..
Even at 1,100 and 1,200 dollars gold ounce price this company will be awesomely profitable.
If gold prices heads to 1,300 dollars then we will see multi-dollars share price until end of the year IMHO.
UPDATED DETAIL DD
1) BAA~ Banro has done about 100 million dollars financing. And debt will be reduced to 150 million dollars level. Interest cost will be decreased. The company will not have any liquidity problem next 2 years. THE COMPANY WILL NOT SPEND MUCH MONEY FOR DEVELOPMENT OF MINES THIS YEAR. JUST 29 MILLION DOLLARS!
2) Reserve update news coming very SOON!
the on-going updated NI 43-101 reserves and resources statement that is expected to be released later this month.
http://news.banro.com/press-releases/banro-an...1000458001
3) Q1 financial NEWS is coming! revenue will be doubled according to production news.
http://news.banro.com/press-releases/banro-an...1000458001
4) I believe with good number of Q1 result funds and index funds will add BAA to their lists.. For example: If GDXJ adds BAA they can buy 20-50 million shares..
5) We know at Q3 Second mine will be fully operational. Gold production will be more than doubled this year. According to April 6 statement, http://news.banro.com/press-releases/banro-an...1000458001
Q1: production 45,197 ounce gold. (Even Rainy Season)
Q2: expecting minimum 50,000 ounce (Dry season)
Q3: between 65 and 75,000 ounce (Second mine will be fully operational)
Q4: between 65 and 75,000 ounce
So 2015 production at least will be doubled. huge numbers.. expecting between 250,000 million and 300,000 million dollars revenue with 1,200 dollars gold price.. If gold price average over 1,200 dollars those revenue numbers will be up as well..
6) According to Q4 , 2014 financial: Cash Cost per ounce DECREASED significantly 27% to 592 dollars. All in sustaining cost down to 638 dollars. THAT IS HUGE investors!!!. Because BAA's mines are OPEN PITS.. LOWEST CASH COST MINES.
I believe Cash cost per ounce will be reduced to 300-400 dollars during second half of the year WITH SECOND MINE..
Even at 1,100 and 1,200 dollars gold ounce price this company will be awesomely profitable.
If gold prices heads to 1,300 dollars then we will see multi-dollars share price until end of the year IMHO.
UPDATED DETAIL DD
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