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Bullboard - Stock Discussion Forum 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... see more

TSXV:BARU - Post Discussion

Baru Gold Corp > Baru.v - Kitco: gold going higher | like IPhone prices
View:
Post by brodeur on Aug 24, 2024 10:47am

Baru.v - Kitco: gold going higher | like IPhone prices

Imagine customers willing to pay higher and higher prices like Apple products. Gold sounds a bit like that.


Cost of production is ~$1k per oz. Sales price continues to increase widening gross profits for the same product.

With the increase in margins and permit pending, either Baru makes a killing on production or it will be taken over at more than $4m market cap.

Comment by brodeur on Aug 24, 2024 10:47am
Forgot link: https://www.kitco.com/news/article/2024-08-23/wall-street-experts-and-main-street-investors-see-gold-climbing-higher-next
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