Baru Gold Corp V.BARU

if BARU means new in Indonesia...

[DowsingR0d]

SU..BARU means before NEW? 

Hey on the bright side this gets us more buying ops - gold's sideways anyways!

D0w

[brodeur]

Take advantage of the price. Market does not understand; those who do will stand to make a profit. Been through this before during amdal stage. Delay doesn't mean it won't happen. Be my guest in chasing and buy higher after permit issued Pr. It's a done deal imo. 

[Bvukmanic]

I don't think anyone thinks Sangihe won't be licensed, some would rather just wait. The company also hasn't secured Miwah, and I expect even if they do it will be a difficult project to put into production.

[brodeur]

I don't think the plan is to put miwah into production. And they don't need to. Less than 10% drilled and there's 3.14m oz gold and 10m oz silver. Imagine with more drilling and increase resource. Simple buyout. 

[Bvukmanic]

I didn't say they would be the ones to develop Miwah, they would never be able to. 1.2 million acres of currently protected forest, home to critically endangered animals. Even if they get government approval (i.e. pay them off, which they can) there could be public opposition. All that aside, there's practically no infrastructure, and it's a high sulphide deposit so recoveries are

[brodeur]

The bet is on :-)