BAA~ The Cheapest Gold Stock! ~ New DD 1) 90 mi
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Posted On: 05/23/2015 3:29:57 PM
BAA~ The Cheapest Gold Stock! ~ New DD
1) 90 million dollars non-dilutive forward gold sales financing done in April 2015 . that financing will reduce debt and interest payment will be low.
CEO said the company will not have any liquidity problem next 2 years.
CNN Money: Banro Closes Balance of US$90 Million Financing
April 30, 2015: 11:45 AM ET
http://money.cnn.com/news/newsfeeds/articles/...191643.htm
2) BAA's Second Mine Namoya Project - fully completed
http://www.mdm-engineering.com/p/banro.asp
3) The financing and Namoya construction have fully been completed, the mine fleet can be expanded to increase the waste stripping and ore mining to meet the planned stacking rates required for commercial production.
•With the commissioning of the agglomeration drum in the first quarter of 2015, Namoya's focus is on ore delivery in order to increase the stacking rate towards commercial levels as well as optimizing the stacking process with the agglomerated heap leach in order to improve percolation and gold extraction.
4) Cast cost per ounce will be below 500 dollars . It was 527 dollars at Q1. Remember CEO Clarke said during the conference call Cash cost and all in sustaining cost will go down.
BAA CEO's Comments on May 14, 2015 From Conference Call:
We’re now achieving and we do expect to be able to show improvements in gold recovery as we report future quarters.
I will repeat the key objectives that we've set for ourselves for 2015 in order to maximize value to shareholders, outline those that we have achieved and those that are still work in progress.
Twangiza has continued to reduce cash costs and reduce all-in sustaining costs driven by increased gold productions.
MAY 14, 2015
FROM BAA's Earnings Call FULL Transcript:
1) 90 million dollars non-dilutive forward gold sales financing done in April 2015 . that financing will reduce debt and interest payment will be low.
CEO said the company will not have any liquidity problem next 2 years.
CNN Money: Banro Closes Balance of US$90 Million Financing
April 30, 2015: 11:45 AM ET
http://money.cnn.com/news/newsfeeds/articles/...191643.htm
2) BAA's Second Mine Namoya Project - fully completed
http://www.mdm-engineering.com/p/banro.asp
3) The financing and Namoya construction have fully been completed, the mine fleet can be expanded to increase the waste stripping and ore mining to meet the planned stacking rates required for commercial production.
•With the commissioning of the agglomeration drum in the first quarter of 2015, Namoya's focus is on ore delivery in order to increase the stacking rate towards commercial levels as well as optimizing the stacking process with the agglomerated heap leach in order to improve percolation and gold extraction.
4) Cast cost per ounce will be below 500 dollars . It was 527 dollars at Q1. Remember CEO Clarke said during the conference call Cash cost and all in sustaining cost will go down.
BAA CEO's Comments on May 14, 2015 From Conference Call:
We’re now achieving and we do expect to be able to show improvements in gold recovery as we report future quarters.
I will repeat the key objectives that we've set for ourselves for 2015 in order to maximize value to shareholders, outline those that we have achieved and those that are still work in progress.
Twangiza has continued to reduce cash costs and reduce all-in sustaining costs driven by increased gold productions.
MAY 14, 2015
FROM BAA's Earnings Call FULL Transcript:
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