Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

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.

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Baru Gold Corp

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Comment by vectorcanon May 09, 2011 10:14pm

416 Views

Post# 18551675

RE: RE: Three million ounces is BIG!!

While today's news release is a real stinker, solace can be taken when comparing Miwah with Richfield's Blackwater. They have a resouce calc of 1.8MM oz with 2MM oz inferred with similar grade. I don't have any knowledge about RVC except for the resource numbers (ie metallurgy, secondary projects). However, it seems a good comp.

New Gold paid $500MM for RVC. If anyone else has done a comp, comments would be appreciated.

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