Balmoral Resources Ltd BALMF

RE:RE: WOW !!

[Micky1212]

You are writing so much but you are forgetting the most important thing.
We are now at 110 Mio shares out, that's at 1.70, nearly 200 Mio market cap. That's speculative.

But 70$, would mean 7 Billion dollar. For example Aurelian got for his mine in Ecuador 1.2 Billion dollar, 7 Billion is 6 times bigger than Aurelian got after 2 years drilling. Now after a few weeks and months speaking about 7 Billion Dollar is only stupid.

I don't know what will happen in the next few sbut one thing is sure, we will see alot more dilution.
This was not the last pp, also when it was at 1.75 and a good price at this moment. I have also said that we will see higher shareprices, but no double digits. And this only when we will have much luck.
But let the driller speak, in 2 weeks we will know more. I think in the next 2 weeks we will see the next drill results.
We are in the moment far away from a discovery like Voisey Bay or Aurelian. Aurelian was at 2$ after the first hole where they hit, at the highest before they splitted the shares they were at 30$, but only at a market cap from round about 1 Billion.
I wish everybody good to sleep, even when they have an unrealistic view of the things.
Nobody of us is knowing exactly where it will go. But we must stay realistic.
I would be really happy at 70$, but is it really realistic?

Cheers

GLTA