Balmoral Resources Ltd BALMF

RE:multiple chances for success.

[lccommoner]

Here is my take:

1. Spent too much time and monies chasing nickel deposit.  Currently not viable.  Read discussion/information on Balmorals' website.  Need strong upside of nickel price and then unload this deposit for 20-30 million.

2. Take the 20 million and get the gold resource to 5-7 million ounces. Do not do any more financing/diluting.  Fully diluted shares already @ 135,831,117.

3. Current cash with 20 million would get them thru summer 2018.

4. Release RE early Q4 2018.

5.  Final throughts.  They have been chasing the gold resources for many years.  It had better be big with this many shares outstanding.  As a comparison, look at Goldmining Inc with gold resources ~22 million ounces gold equivalent.  SP today @ $1.86 with 135,442,787 fully diluted.  This is about as good as comparion as you can get.

Shares fully diluted :  135,831,117 (Balmoral)   135,442,787 (Goldmining)
SP:                                      $0.71              "                      $1.86             "
Gold equivalent oz:                ?                "                   22 million         "
Cash:                               8-9 million       "                 ~20 million         "

If Balmoral can get to 7 million ounces, gold equivalent, without any more financing/dilution, they will be in the ballpark.  Otherwise, the game might not turn out so well.

Everyone do your own DD and do not make any money decisions based on these BB posts.  Including this one!

Thank you. Sincerely, Lccommoner