BARU.v - 2nd payment pending; $6m cash potential Awaiting current contractor 2nd payment to confirm gold production, then additional contractor negotiations pending. Quite exciting. Which junior on tsxv is gold producing?
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- Importantly, Baru expects to conduct additional bidding for other areas within the 50 ha. MHS initially wanted to contract the area but Baru preferred to open competitive bidding. This will drive additional value for Baru shareholders. Baru anticipates receiving a at least CAD $6 million related to closing the deals currently in negotiation to bring the entire 65 ha into operation. Any funds received would be in addition to an ongoing split of mined gold ore."