Baru Gold – Small scale gold production and 35,000 meters of drilling all coming in the near term at the Sangihe Property
Terry Filbert, CEO and Chairman of Baru Gold (TSX.V:BARU p OTC:BARUF) joins us to provide a full overview of the near term production plans and 35,000 meter drill program at the Sangihe Property in Indonesia. The Company is targeting 1,000oz/month gold production by Q3 2021 with expansion potential to 4,000oz/month within 2 years. The exploration program goals are to expand and upgrade the current resource of 219,700oz AuEq.
If you have any follow up questions for Terry regarding Baru Gold please email me at Fleck@kereport.com.
Click here to visit the Baru Gold website and read over the Corporate Presentation.
Who’d a thunk it , a Monday rally, the way we’ve been steamrollered the last 2 months on Mondays & Tuesdays.
Yes, EX, Im still around, did post last week under John Fenecks piece. Go FSM !
Haha! Yes agreed Marty, and glad to see you are still around.
However, I need to now ask about the “Go FSM” comment. I’m a little disappointed as a Roxgold shareholder of the Fortuna takeover at 40% and having trouble understanding the synergies of a Latin American Silver producer taking over a West African Gold producer (unless it is just for jurisdiction diversification, and another silver company decided to diversify into gold). It sure doesn’t seem like the market liked the news based on the trading in both last week. I sold half early next week when the news broke, and kept the other half in case we see appreciation of FSM which ROXG is now tethered to, and more importantly if another company makes a superior offer (which would be nice to see).
I sold all my Roxgold Ex……found the deal very disappointing. Moved on to the copper and uranium plays I like.
Yeah I found the Roxgold/Fortuna deal disappointing as well Wolster.
As mentioned, I sold half last Tuesday, but held onto the other half in case FSM gets a short-term bump pulling up ROXG, or if Roxgold receives a superior bid by another company.
I’m just holding what I have for now with the Copper & Uranium stocks, but would pounce on any big pullbacks in either sector to add to more positions and also to initiate a few new positions in a few that have already run away from me. Cheers!
Since you mentioned John Feneck…. I meant to post this last week on his editorial blog.
________________________________________________________________________
Resource Investors Must Adapt to Succeed with Sector Expert John Feneck
Mining Stock Education – Apr 29, 2021
“In this interview, mining sector expert John Feneck encourages resource speculators to be adaptive in order to be successful. “You have to adapt…You have to be able to rotate into different areas of the market and understand them. And it takes a lot of work.” John points out that he was not an expert in lithium or hydrogen six months ago. But he did his homework bought some of those stocks and that is a big reason why his energy fund was up over 100% in Q1 of 2021.”
Great new post – another under the radar company
Great project? You’re gonna destroy a small beautiful Sangihe island, how can it be great?? Do you know most people in Sangihe is not happy with what you did? Visit Sangihe, and you can see how massive the protest now.
The way how you get the permit is very questionable actually.
Who knew when I said drill results this week for black wolf it would be today…..and they were nice
https://ceo.ca/@accesswire/blackwolf-intersects-759-meters-averaging-52-copper
A lot of the PM stocks just yawned at this move in gold—not a good signal! However, nibbled a little today on PGM.
Some of the juniors yawned a bit, but most of the mid-tier and larger producers have rallied nicely over the last month. Even today, as gold got back up into the mid $1790s, GDX was up 3.84%, and GDXJ was up 4.4%, so that is still somewhat constructive.
Silver was really the better mover today back up over $27, and the miners were not yawning with SIL up over 4.3% and SILJ up 5.85%. It was the first trading day after the SilverSqueeze 2.0 kicked off though, and PSLV had a big day adding over 1 million ounces of silver to their fund.
https://twitter.com/Sprott/status/1389364644129693697?s=20
I’ll take these kinds of days, where we get measured moves higher in the Precious Metals, over the opposite slow sideways to down grinding any day.
Gold and Silver are way up today but my gold stocks are mostly in the red, I think it will take gold to pass $1800 before we see much traction with the juniors. DT