Andrew Cook Banro Corp. BAA-T TOP PICK Sep 01, 2011

Gold. In the development stage in the Democratic Republic of Congo and will prove producing in the 4th quarter of 2011. Moving from a developer tool producer should give them a re-evaluation as they start to generate some cash flows.

Andrew Cook

Owned

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$4.640

Stock price when the opinion was issued

precious metals

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WEAK BUY

Have a large ore body in the Congo. Not as enthusiastic about Congo plays.

RISKY

Congo. Likes to manage his risk there. Used to trade at a big discount. Are expanding their mine and are a little tight for cash right now. Will have to refinance it. An interesting asset. Nice looking mine, but they have to raise capital funds.

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Andrew Cook Banro Corp. BAA-T TOP PICK Sep 01, 2011

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