Dear Shareholder,
The following article published on Mineweb April 8th focuses on the Top 20 Stocks perceived to be the best candidates for a takeove; this list includes Banro.
The article in it's entirety can be accessed via the following link:
A selection of 20 listed gold stock "top potential acquisition" targets hold 258m ounces of the stuff, valued at just USD 32.61/oz, with billions of pounds of copper, to boot.
Author: Barry Sergeant
Posted: Wednesday , 08 Apr 2009
JOHANNESBURG -
Recent patterns in the pricing of listed gold stocks around the world shows a firm trend where investors tend to favour potential acquisition targets, typically companies with great discoveries but lacking either the balance sheet or full access to capital required to develop appropriate mines. Depending on the potential target, valuations vary widely; 20 of the most likely targets show numbers where proven gold in the ground is valued from as little as USD 3.11/oz to USD 152.69/oz.........
"Moto Goldmines and Banro, both with significantly endowed gold projects in the Democratic Republic of the Congo, show valuations of USD 25.34/oz and USD 8.50/oz, respectively, while Greystar's great 15.0m ounce Angostura discovery in Colombia scores a valuation of USD 9.84/oz. Centamin Egypt, which is close to production in an ancient country, holds 12.3m ounces with a relatively lofty valuation of USD 64.29/oz, yet Great Basin Gold, which is also close to production in South Africa, holds 13.3m ounces valued at less than half the number for Centamin Egypt. The 5.4m ounces held by Guyana Goldfields at its Aurora project score a rating of USD 26.70/oz. ".......
Chasing the world's top gold stock targets
Regards,
AGORACOM IR
