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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 19, 2024 10:10am
116 Views
Post# 36185755

Baru.v - Bre-x $0.30-$250 | indonesia

Baru.v - Bre-x $0.30-$250 | indonesia

Those who don't know the story about Bre-x back in the days on tsxv, here's a quick summary. There was even a movie made about it a few years ago. 

https://www.visualcapitalist.com/bre-x-scandal-history-timeline/

https://en.m.wikipedia.org/wiki/Gold_(2016_film)

Sets a bad name in a sense to gold miners and Indonesia. But if one was an investor at $0.30 and sold at $1, $50, $100...what a moment :-)

If one can look back "I wish I jumped in"...is that FOMO or MOFO (lol)? Indonesia is in fact a high resource country with nickle and gold and copper and silver...one of the largest mines and reserves is in Indonesia with many areas still unexplored. 

Remove the illegal, unethical tactics in Bre-x and one may find companies operating in Indonesia just starting out, haven't defined a true resource yet, but may have huge potential from "x" share price to "y" times that share price.

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