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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
Comment by PeterMacd2on Feb 12, 2019 10:40am
48 Views
Post# 29352491

RE:RE:RE:RE:RE:RE:RE:Not sure what to take away from this...

RE:RE:RE:RE:RE:RE:RE:Not sure what to take away from this...I've been quietly reading this site, and been an EAS shareholder, for many years. This is my first post here.  I think this talk about $10 is more than just optimistic, it is really quite dangerous for novice investors in gold.  I originally bought in about 2008, and kept on buying as the price went up and up to >$8 in 2010. Back then speculation in junior gold stocks was crazy. Then the news broke that the management of the time did not actually have all of the licenses and approvals in palce to even explore Miwah, much less build a mine in what is protected forest reserve. I sold a lot on the way down, but am still well underwater with 90K shares left. Let my disaster be a  warning.  Don't put real money into baseless, wild speculation, or encourage others to buy into what has less chance of success than a bet at a casino.  Indonesian politics and bureaucracy aside (and what a swamp that is), EAS really only has one possible small deposit to develop - Sangihe. And that is by no means certain. Miwah is dead, I cannot foresee any likely scenario in which it will ever be developed.  IF Sangihe gets up & running then base your future SP estimates on that - and it is only a modest deposit. I'd say about $0.50 is the most we can ever expect to see fom EAS based on Sangihe. And that's the Best Case scenario. Compare with the SPs of already producing junior miners, like Wallbridge, operating in much safer jurisdictions.
Bullboard Posts