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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.
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TSXV:BARU - Post by User

Comment by bull_runzon Sep 25, 2024 2:21pm
63 Views
Post# 36240691

RE:New Investors Need To See This 🌈...πŸ’° πŸ€‘ πŸ‘

RE:New Investors Need To See This 🌈...πŸ’° πŸ€‘ πŸ‘ Baru Gold is your opportunity to invest in a $7-10M cashflow 2024 company at just $5M mcap.  Baru Gold (former East Asia Minerals) has a global resource of 3.5M oz gold (yes gold) in Indonesia with an expected 2024 start on a heap leach operation to start 10k oz gold production.  Baru Gold  was $800m mc with Sprott and Tocqueville and mgt owning 40% shares.
 
 
Baru Gold is an emerging gold producer with two high potential projects in Indonesia; a NI 43-101 resource of over 3.5 million ounces of gold resource which reached more than $800 million market cap in 2011.  The company’s 2024 plan is to complete and bring the smaller asset (Sangihe project)  to production and fund exploration to potentially double the 3 million oz Miwah back to current status.
 
 
The Sangihe gold asset has a past resource of 800k oz and in August 2020 was granted 30 years operating license and AMDAL (environmental permit), fully licensing the asset to operate.  Financing over $4.5 million closed in Sept 2020 allows Baru to fast track production by 2024 at 15,000oz per year forecasting $900/oz cash cost on 100,000TPD heap leach open pit.  For comparison, nearby Martabe project at 4.5 million ounces gold in 2018 was sold for over $1 billion USD.
 
 
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