Balmoral Resources Ltd BALMF

RE:RE:SIT&WAIT....and wait.

[chaney]

You make valid points.

As for 0.17 I think some has to do with them being in the penalty box but I think the bigger sell off has to do with precious metals and base metals sectors jut being out a favour. Even when they put out great news along with other companies putting out great news they just are not be rewarded both sectors are hated right now.

Hawaiii wrote: Astro, thanks for the info. Reading the entire M & A as well as keeping up with the information that is posted on the BAR website, you can conclude, or assume, some things. 

From the site, under "Projects / Martiniere / Introduction" - 
The Company continues its active delineation of the Bug and Martiniere West gold deposits while continuing to explore its recent discoveries and the larger untested areas of the Martiniere property with a goal of building a stand-alone resource inventory on the property in the 1.5 to 2.5 million ounce range.

And, from the M & A - 
The Company is currently evaluating options with respect to the continued expansion of the Bug and Martiniere West gold deposits, which may include joint venture or other similar arrangements to advance the project. In the meantime it will continue to evaluate exploration targets within the broader Martiniere gold system and property.

Conclude, that based on the initial resource estimate that came out in March, ~600k ounces gold, the company's belief that there are approximately 2.5 to 4 times that amount of gold in the entire system, and the company's willingness to joint venture this to bring it to these levels, that Grasset has to be one heck of a system. Wouldn't it need to be if one was to turn their back on a couple million ounces of gold?

You could also conclude that aforementioned joint venture would be near imminent, given the company's cash position and it's apparent desire to resume the exploration and expansion of the Grasset property. Wouldn't it need to be?

I suppose you could also conclude that if the company believes that Martiniere is 2 to 4 times bigger than indicated, and they are willing to allow someone else to do the deep drilling to get it to those levels, while conceding half of the resources, that they must also believe that Grasset is equally bigger? Otherwise, what's the point in the shift of focus?

Do the math on those assumptions/conclusions, and one would be led to believe that the combined resources are bigger than that of this group's previous endeavours with West Timmins.

Yet...

If any of these conclusions/assumptions were true, or even close to being true, why are we 17 cents? It always seems that regardless of how good the news, or the results, that there's something missing. 

Or...

Are we on the precipice of something awesome? 

Enjoy the day. Ever patient.