Balmoral Resources Ltd BALMF

RE:RE:RE:Results Are Adequate - But Not Spectacular

[TedOwens]

The results, as well as the majority of those release previously on the project, were reported in a format which presented a more favorable scenario than what the project actually represents in terms of the true width of mineralized economic viability.......The press release should have read "12.57 meters of 2.91% Nickel centered within a surrounding lower grade envelope of .993% Nickel over 32.4 meters.......The present press release is diluting a much higher grade economic section into a largely uneconomic lower grade halo which would be considered waste rock under an actual mining scenario.......The project is still a decent play but its relatively small/narrow when taking into account the width which would be needed in order to make a Nickel play viable for production purposes.....In other words, the 44 meter reported section is not economic in scope when taking into account the dramatic drop off in Nickel grade which envelops the core section.......This style of drill results reporting is not confined to Balmoral and is largely used by the junior explorers when presenting a lower economic scenario than what is tangibly reasonable for retail investor purposes.....The project is still interesting but will need considerably higher widths to come into play in order for it to develop into a production prospect just yet.