Banro - From Gold Explorer to Mine Developer

Banro Gold: Proven and Probable Reserves Increase to 4.52 Million Ounces at Twangiza

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AGORACOM Wire - Wednesday February 15th, 2012

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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: Banro Acquires Refurbished Process Plant to Expedite Production at Twangiza

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Re: Banro Acquires Refurbished Process Plant to Expedite Production at Twangiza

in response to Banro Acquires Refurbished Process Plant to Expedite Production at Twangiza by AGORACOM

posted on Aug 13, 09 03:21PM

nice release. It doesnt add immediate value, but as a building block towards a better fundamental future.

I too was slightly dissapointed at the debt financing mentioned, but it was evident from the announcement to develop Twangiza tha the 100M raised was going to be insuficient relative to the total capital costs involved. Cost of doing bizness, take for what it it is worth,and that it is a stepping stone to productivity and revenue generation.

I agree about the derivatives.. that scares me a bit if they are forced to hedge production.

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