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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 godmanon May 13, 2011 1:58am
506 Views
Post# 18570542

A lot of complaining

A lot of complainingI am out as I have stated before, fortunately at 6.50, but these BS bashers have to remember THIS STILL HAS 3.5 MIL OUNCES OF GOLD AND ONLY 80 MILLION SHARES. Miwah girls have not been here since .25 unless under a different name, maybe since $5, were not here when I first got in a year and half ago at 2.70. I can not figger how the RE came in so low, the numbers seem like 7 mil to me, but I am no expert. I dont get the 20 to 30 mil potential by some experts, who are very well respected in the mining community. Imagine how the financiers who paid $7.50 for 2 mil shares feel, I think that was Sprott, ouch
The forest issue is the killer here and the carbon company bull, that really hurt this company with regards to relations with the Indo gove.
Three mil is a big deposit by any standards and if the issues get fixed, even with this amount it is worth 1.4 billion at 200 an ounce. Divide that by 90 mill and you get $15.50 SP. JMHO
Bullboard Posts