Post by
Silverichman on Jan 29, 2021 10:04am
Ask razor-thin
Baru is starting to look good these days!
Comment by
brodeur on Jan 30, 2021 2:11am
More news to come. Eventually the big news of permit will drop, but was there are other significant PRs coming after permit is in hand. These 1m share days are clearing out irrational shareholders who will sell based on such big news expected. Once they are out this stock will continue moving with 1m volume days everyday.
Comment by
Bvukmanic on Jan 31, 2021 12:21am
Maybe. I'm selling half on production permit, then will see how things progress. They haven't done any met work on their sulphides which is a red flag, we don't even know if their low grade refractory ore is economic. Even if it somehow was, the capex would be huge.
Comment by
Bvukmanic on Jan 31, 2021 12:36am
Approximately half (at most) of the resource at Sangihe is oxidized - luckily they have a lot of exploration potential and RC drilling/assaying is cheap. Would still like guidance about the sulphides, and a clear costed plan to becoming a 50k+ ounce/year producer.
Comment by
brodeur on Jan 31, 2021 1:30am
They purposely did not do a feasibility cause they are that confident in the economics. It's the same type of material Terry's private mine had thus he knows the geography, the people, the government...etc to make this a success. And that leads also to success of miwah.
Comment by
Bvukmanic on Jan 31, 2021 10:08am
Huh? I said met work, not feasibility. Metallurgy usually isn't even consistent within the same deposit, and he didn't have a refractory deposit with BRNE - which as a company, failed. I'm confident you don't even know what a refractory deposit is.
Comment by
brodeur on Jan 31, 2021 1:27pm
U are right I don't. So tell. Lol