Batero Gold Corp V.BAT

Alternate Symbol(s): BELDF

Metals & Mining Gold

Batero Gold Corp. is a Canada-based precious and base metals advanced exploration company. The Company is engaged in the exploration and development of mineral property interests in Colombia. The Company is in the process of exploring and evaluating its exploration and evaluation assets. It focuses on developing the La Cumbre Gold Project in Risaralda, Colombia. La Cumbre is located within the Company's 100% owned Batero-Quinchia Gold Project. The Batero-Quinchia Gold Project encompasses multiple porphyry gold target centers. The Batero-Quinchia Project is located within the Municipality of Quinchia, Department of Risaralda, Republic of Colombia, approximately 55 kilometers (km) to the north of the regional capital, Pereira. The property consists of approximately 1,407 hectares (ha) tenement. Its new exploration drilling discovery at Matecana, located approximately 800 meters southeast of La Cumbre porphyry.

TSXV:BAT - Post by User

Batero Gold Corp

Bullboard Posts

Post by Wuggyon Feb 24, 2011 2:20pm

572 Views

Post# 18188665

BEWARE OF A PUMP

Hi All,

I saw BAT mentioned in discussion on another board, so took a look last night.

I'm a pretty good resource stock investor, been doing it for a decade, and see no legitimate explanation for the bullish cheerleading that seems to be going on in this stock.

They don't have production coming online. The drill results are meager, to put it mildly.

IMO this thing looks like an overinflated dog. A pump. I would be reluctant to pay more than 25 cents for it.

If you want to DYODD by comparing to a similar play with superior drill results, examine Lake Shore Gold (LSG).

Regards

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