BARU is turning corner... More eyeballs
Mexico Mike mentions
If they are able to achieve even limited production by Q2 that would be way ahead of my expectations given the restrictions and delays imposed by government Covid response. I am excited that a major drilling program is set to commence as well, and that means we could have a double-whammy of positive news catalysts in Q3 assuming a few good breaks along the way. Even modest initial production will still serve to confirm operating economics and build the credibility of management to get the project into production on schedule. Thereafter the growth plan will come into focus. I still think the market is not taking this company seriously, despite having accomplished all of the objectives that were stated over the last year (pending the final construction of that mine). They were able to raise the money they need, pay off residual taxes owing, secure the permit, hire key personnel for the development program, and are now purchasing the additional land holdings. If the mine gets up to efficient operations with no issues I have to believe a higher market cap is going to be priced in to reflect the results.
cheers!
mike