Thursday, February 12, 2009

Banro is the Congo Play

http://www.miningmx.com/juniors/929948.htm

How do we play the Congo?

Banro. It has the deposits, and a steep Congo discount.

There are 61m shares diluted, 52.4m current at about $1.38 USD/ share., so about 70m dollars.

5.6m resources at their Twangiza project, so this is aboubt was recently released.

If the property rights hold and the mine ever goes into production, we can see a 5 bagger, but view it as a call option.


http://www.banro.com/i/pdf/2009-02-02-NM.pdf

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