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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
Comment by sunshine20on Dec 23, 2009 12:23pm
387 Views
Post# 16614377

RE: RE: at this point

RE: RE: at this pointKeep in mind $6 is over $500 million market cap on a fully-diluted basis so that wouldn't be a "steal of the new decade" at that point. Regarding metallurgy, I think the only point we can make for now is that a high sulfidation system like Miwah with a horizontally-layered higher grade zone near surface is suggestive of good leach recoveries. Also if the gold mineralization is mostly represented as a coating in the vugs that could mean minimal crushing requirements. On the other hand, rock hardness could make processing more difficult. All said and done, I'm not worried about metallurgy at this point.
Bullboard Posts

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