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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 snoozlegroibon Sep 13, 2011 12:39pm
309 Views
Post# 19037076

Hey Sob Sisters

Hey Sob SistersHey Sob Sisters--I know how you feel.  I was holding a bunch of junior mining stocks during the 2008 crash, and I saw some of them go down to one eighth of what I bought them for.  But I hung on, and they all came back, and I ended up selling for a profit.  The same could happen for you.  All it would take is for the Indonesian govt to give them a mining permit, and they're back in business.  It's certainly possible.  If you sell now, you make your losses permanent.  But if you hang on, you allow for the possibility that this stock could come back.  I think it's a distinct possibility, which is why I recently bought in. With the price of gold going in the direction it's been going in, and the Indonesian govt wanting to jump on that bandwagon and becoming more mining friendly, you might be surprised what this stock could do in the next couple of years.  GLTA
Bullboard Posts