Back in the days of East Asia, Eric Sprott participated in financing where East Asia had a market cap of $600m. What drove Eric to investing? Certainly the 3.14m oz
gold and 8.9m oz
silver was likely a convincer.
https://seekingalpha.com/article/206742-high-conviction-eric-sprott-goes-for-a-gold-explorer-with-a-big-project So what happened since then? Specifically with Miwah it was put into forest protection by then/previous governments. The gold and silver has not disappeared (it wasn't another Bre-X).
Can the forest moritorium be lifted? If we take a practical case of another Indonesia company that had a project that got lifted out of forest protection, it is feasible: Far East Gold with the Wyola project. A lot of work went into it but they got it done.
If Baru somehow got Miwah running again, if back then when gold was $1500, and the co garnered $600m market cap, at today's $2500 gold environment, what is likelihood of market cap? Add onto fact it has not been completely drilled out and likely more resources than currently stated.
Current market cap: $5m.