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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 sunshine20on Aug 19, 2010 3:29am
659 Views
Post# 17364083

More on forest

More on forestI know it's beating a dead horse, but here is some more info on the forest issue indicating a lack of "clear cut" (get it?) direction on the moratorium:

https://www.reuters.com/article/idUSTRE67H1Y120100818?loomia_ow=t0:s0:a49:g43:r2:c0.090909:b36610904:z0


"It all depends on how many licenses someone hasalready, and whether they are affected or not depends on the type oflicenses that have been issued," Mangkusubroto said, adding thatcompensation could come in the form of land swaps."

"For now, he could not be specific on how much ofIndonesia's roughly 120 million hectares of forest would be includedunder the moratorium."

Nothing really new other than to reiterate the uncertainty, which doesn't help EAS but at this point may also not hurt it that much with the weak hands having now been effectively shaken lose. Around $5 the stock is a really decent bargain and there aren't many of them out there
Bullboard Posts

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