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Gold/Mining/Energy : Banro Resources ( BNRS-CDN)

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To: Round Table who wrote (24)	2/22/1998 11:48:00 AM
From: Len Hynes	Read Replies (2) of 73

To: Round Table Fr: Len Hynes Happy to see that you are "on board"of the next "flagship" of the mining exploration companies. I have been following this company for ~a year now, and have been recommending it to investors.This company will soon emerge as the "sleeping giant" that you so aptly refer to it as being.While investors are beginning to pay attention to this company, a good deal more investor interest will materialize once the next batch of drill holes are released, and the company conducts a feature presentation of it's gold deposits in the Congo at the PDA Conference in Toronto in early March. A key point to remember is this:Banro is drilling not to determine if it has an economical gold deposit at Twangiza...that's a Given....but toverify the actual size of this deposit. Historical workings of the property(8200 meters of trenching;12100meters of adits) have shown that a massive gold deposit exists....current drilling will delineate just how big this really is.Remember, investors bought into Arequippa on the strength and promise of its underground adit program, and were well rewarded in the end, as drill results confirmed the results.Investors who are astute enough to buy into BNRS at these prices will be equally rewarded in the months ahead. As you suggested, I have procured a copy of AMRO's report entitled..."A MOUNTAIN OF GOLD"...this certainly endorses your "Sleeping Giant" descriptor.While thedrill program at Twangiza expects to prove up more than 10 mill. Oz's of gold, wait till we see drill results from the Namoya concession....again where extensive historical workings(8500 meters of adits;519 meters of trenching;112 shallow drill holes etc.) Has outlined ~2.5million oz's at an average grade of 6.19g/t gold.....again sounds a lot like Arequippa but MUCH BIGGER. As the next holes are reported in the weeks ahead, and the company takes "center stage" at the PDA, investors will look back at today's share price as a "gift"...right now the company has the equivalent of ONE OUNCE OF GOLD PER SHARE....a true no-brainer if there ever was one.

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