Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Baru Gold Corporation is an entity primarily focused on the exploration and assessment of mineral resources within Indonesia. The company holds a significant 70% ownership in the Sangihe gold-silver project, a 42,000-hectare site located on Sangihe Island. Furthermore, it possesses an interest in the Miwah gold project, which encompasses three interconnected mining business permits covering an area of 30,000 hectares, situated southeast of Banda Aceh in Aceh Province. Known as East Asia Minerals Corporation until its renaming in October 2020, the company now operates under the name Baru Gold Corporation, with its corporate headquarters located in Vancouver, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers.