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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 sal_bandoon Feb 08, 2010 7:49pm
267 Views
Post# 16764573

RE: Back to $2.67??

RE: Back to $2.67??It all depends on gold now. There is one saving grace for gold stock holders right now. As the dollar continues to move up against the euro it creates more deflationary pressures in the U.S.A. Hence, it is highly unlikely the yanks will stop spending anytime soon. It is also highly unlikely that they will raise rates until next year - this is all good for gold. This stock, on the other hand, may very well head down. Maybe some techies can enlighten us on the support levels right now.
Bullboard Posts