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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: POLARBEAR who wrote (220)	9/20/1998 8:19:00 AM
From: JS	Respond to of 472

Polarbear, let me say publicly what I said to you in a private message...WELL DONE. If only RANGY knew how lucky they are to have such a loyal shareholder! (they certainly haven't done much PR to help the stock's price). Nonetheless, I can see now how undervalued this stock is! Maybe I'll buy a bit more! Regards, JS

To: POLARBEAR who wrote (220)	9/20/1998 1:15:00 PM
From: dvid	Read Replies (2) \| Respond to of 472

Hi Polarbear: Read the following report and scratch your head over the share price of Banro Resources. The analysis is done by one of the largest and most reputable international banking investment houses. I have heard that they have several large investor positions at Cdn.$4.00 to $7.00 per share. If you follow the website you will see the depth of the company's experience in DRC the massive historical geological data and their cash position. (See the peer group chart - R.Res) banro.com Politics/war/corruption/are the obvious things that play into the perception of value on African mining companies. The Southernera story is also case in point. Add to that the resource sector in the dumps it helps to demonstrate the extremely discounted share price of Rangy and Banro and no doubt many others. The sentiment in the resource sector is changing now. I hope some of these start to trade near their true value. Thank-you again for your exhaustive (still sleeping? that's okay) effort. They may have some openings a ABN AMRO for an analyst. gg banro.com Doug