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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 3baron Oct 21, 2009 9:51am
464 Views
Post# 16407221

EAS by the #s according to sunshine20

EAS by the #s according to sunshine20EAS has the real goods . The question is it a really big deposit or a REALLY BIG DEPOSIT has yet to be answered .

At this price it is a no brainer . At this time may have 4 - 6 mill ozs 2 g/t grade right on surface mostly oxidized an able to be leached . With in this a high grade core of 1 -2 mill ozs grading up to 4 g/t  and with in that an even higher grade feeder core of .5 mill oz of 10 g/t .

Cash operating costs of about 100/oz gold . Capital cost under 500 mill and present NPV over 1 bill . If it turns out to be a 15 mill oz deposit double or triple that .

jack
Bullboard Posts