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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

Post by brodeuron Aug 18, 2024 7:59pm
119 Views
Post# 36185266

Baru.v - 70% ownership of what?

Baru.v - 70% ownership of what?Here's an interesting question based on below: 

"Baru Gold holds a 70% interest with three Indonesian companies holding the remaining 30% interest combined”

Does tsx listed Baru own:
- 70% of the project(s) and the other 30% is owned by TMS, or
- TMS owns all the projects and Baru owns 70% of TMS

right now it may not make a difference but should TMS grows, if Baru only owns 70% of the current project, we don't have any upside to any other value increase by TMS. But if we own 70% of TMS, as long as TMS grows, Baru grows.
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