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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

Comment by Bvukmanicon Jan 15, 2021 9:55am
199 Views
Post# 32305123

RE:RE:RE:RE:if BARU means new in Indonesia...

RE:RE:RE:RE:if BARU means new in Indonesia...I didn't say they would be the ones to develop Miwah, they would never be able to. 1.2 million acres of currently protected forest, home to critically endangered animals. Even if they get government approval (i.e. pay them off, which they can) there could be public opposition. All that aside, there's practically no infrastructure, and it's a high sulphide deposit so recoveries are relatively low. It might have to be developed as an underground mine instead, so even higher cost/lower recovery. Capex would be huge. There's a reason a mid tier/major hasn't secured the project. I know of another HSE deposit (former mine with $200 million sunk costs, process plant, etc), similar size resource/potential, trades for a similar EV to Baru. Market doesn't care.
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