Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

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.

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Baru Gold Corp > Spotlight on BARUF

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Comment by TheCardinalon Aug 07, 2023 4:26pm

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Post# 35576562

RE:RE:RE:RE:Spotlight on BARUF

I also have a theory about where and from whom that
$6 million came, and it solidifies my contention this deal
has the stamp-of-approval all the way to the top.

brodeur wrote: Would be interesting to see how they value this. $6m in cash, then monthly gold production at 35%/65% split with vendor. Cash is the. Going back into business to further mineral resource and start another mine, along with likely additional contractors. All these moving pieces increases market value, but to put a number to it...be interesting. How much more than $7m will the numbers indicate? Growth story here

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