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Tuesday, August 08, 2023 2:29:52 AM
I was able to participate in a zoom call this morning with some of the management team to get some questions answered. The news this week outlined an MOU that both parties are advancing towards resolution. The deal is expected to be finalized within days and there are still negotiations playing out even late in the evening on Friday in Indonesia. This arrangement is structured to operate in effect more like a royalty deal whereby the partner company is responsible for all development and operating costs, but BARU will be paid 35% of the net gold output. That is a much better deal than what I had originally surmised from the news. The contractor is a local wealthy
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