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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based mineral resource exploration company. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Post by dfergu7477on Sep 11, 2009 10:36am
268 Views
Post# 16296997

Also, the rest of company is worth a lot...

Also, the rest of company is worth a lot...As good as Miwah seems to be, it isn't EAS' only property. Indeed, EAS is/was set to deliver 43-101 numbers for Bawone/Binebase and Abong Jasperoid this year, too. (Whether they will now, seemingly focusing all their energies on Miwah, I don't know...) I believe those numbers in the aggregate were slated to delineate somewhere around 3 million ozs. of gold.

Further, the company has lots of uranium. They have one property alone that has an historic 22 million pound uranium resource. I know that uranium is currently out of fashion and that Mongolia has had its ups and downs, but the property they sold a couple years ago was NOT their best uranium property.

Further, they have some large and promising copper/gold projects in Indonesia, that majors have sniffed around in the past, that also have meaningful historic resource calculations.

APART from Miwah, I back-of-the-envelope figure that EAS has 3,000,000 ounces of gold, 30,000,000 ounces of silver, 25,000,000 pounds of uranium, and 850,000,000 pounds of copper. (Calculated from here: https://www.eaminerals.com/s/Overview.asp?ReportID=284147)

So, even without Miwah, this company is a good buy. They have many promising properties and a management with intelligence, industry, and integrity. That they have access to capital is also a huge plus. Add Miwah to all this, and, my goodness... What a nice investment!

GLTA longs!
Bullboard Posts