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Banro Corporation Message Board

  • sirola1 sirola1 Sep 3, 2013 3:35 PM Flag

    I'm a long-term shareholder, Mcap 10x in 2 years

     

    If they follow through with their plans of producing 450,000 oz by 2015 with full production of Twangiza II, then sometime in 2016 and with a P/S of 3 to 5 (typical of gold stocks), a market cap could be 10x what it is now depending if POG holds above $1200.
    450,000 oz x $1200 POG x 3 = $1.6B
    450,000 oz x $1200 POG x 5 = $2.7B

    The problem in this room = too many short term traders have ants in their pants and can't wait it out.

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    • I completely agree. BAA is not a "get rich quick" stock. This is a long term value stock where the share price should follow along with the company's long term strategy. Please look at what sirola1 says because there is insight there. Please people, buy BAA because its a good company, not because you are speculating.

      • 2 Replies to id3ma
      • Agreed! Speculators can still make some money here, but long term will reap some massive gains too. They have almost doubled their employees in the past year, and acquired more land & equipment. When the price of gold rebounds they will be bringing in some good profits, and once news about the mining strikes becomes forgotten.

        Many mining stocks are currently in a trough and are being accumulated by large investment firms, they are not going to stay down forever (mining stocks), they will rebound and those of us purchasing for the long will at least double our money.

        - TT1

        Sentiment: Strong Buy

      • okay but they are losing money... at least on how I read the reports... although they are halving their losses. How do you mine gold... and LOSE money? Shouldn't we just be out there with some picks and shovels and maybe a donkey or two? There has GOT to be a way to cut the overhead / employees. Perhaps land and mine acquisition could slow down... and they could concentrate on return of equity... instead of expansion.

 
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