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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. 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 tooclassyon May 14, 2009 9:49pm
630 Views
Post# 15994753

re: upside potential

re: upside potential
I don't need to be convinced of the technical abilities of this group - those seem stellar.
However, as an investor the question I ask myself - and whoever else will listen - is how and why the company thinks they have 5 million ounces of gold in their Miwah property. 2) how long will it take to prove up a deposit of that size and 3) do they have the money to prove up a deposit of that size. If the answer to the third question is no, then 4) How much money will they need to raise (ie how much dilution will there be)? The answers to these questions have a direct bearing on how the stock price will perform this year. I realize these questions are somewhat open-ended but I have to start somewhere.

This may be my first posting here on this board. I look forward to the thoughtful discussion. I am a returning shareholder as well. I suspect that we will see some Silverstone shareholders migrate to this stock as Silverstone has been sold to Silver Wheaton. (East Asia Minerals' Chairman of The Board Darren Pylot runs Silverstone.)


tooclassy
Bullboard Posts