BARU.v - “a tidy revenue stream”From Mexico Mike
"Now that the PP has closed it is just a waiting game until the Mining Ministry issues the updated Production Operation status license. Hopefully that is imminent and the local contractors that have arranged JV deals can begin operations. I am hopeful that I will be able to speak with Terry this week for an update and perhaps even discuss the potential revenue generation when the processing plant gets up to speed. Even with just a third of the gold output payable to Baru each month, it should amount to a tidy revenue stream considering the partners will be funding all of the expenses. Baru seems to be off the radar again while the delay is resolved, but I believe the Company is at last on the cusp of achieving the first objective that originally attracted me to this story. With a recurring revenue stream the next phase of growth should be accomplished much faster, to define new gold resources at other portions of the property and establish mining on the wholly owned deposit areas. I continue to hold a core position of this stock, and BARU runs a paid ad on this website.
cheers!
mike"