OTCQX:BALMF - Post by User
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AlternativeViewon Feb 13, 2019 2:54pm
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Post# 29359893
RE:Laurentian bank Securities comments on Balmoral Resources
RE:Laurentian bank Securities comments on Balmoral ResourcesThis is bizarre. It is hard to imagine Laurentian Bank putting a lot of value on the exploration prospects of BAR. Not that these don't exist, rather it is not something financial institutions generally do. At least not without insider scoop.
This leaves us to conclude that Laurention's 75 cent target is based upon asset holdings. A 5-bagger prediction with little risk attached?
stockmaster989 wrote: According to Laurentian Bank Securities:
https://docdro.id/fthyboN
Balmoral Resources Ltd.
(BAR-T – $0.18)
BUY – Target: $0.75
February 6, 2019
Grasset Nickel Resource Goes Deeper
Event
Release of exploration holes on the Grasset nickel resource
Impact
Positive. Confirmation the Grasset nickel resource continues to depth.
Analysis
• BAR released results of eight (8) holes drilled on the Grasset nickel-copper-cobalt resource (a massive sulphide deposit) previously discovered by BAR which illustrated further continuity of the resource to depth, some 100 metres lower than previously known (~625 metres below surface – Exhibit 1).
• We continue to believe BAR are some of the best early stage explorers in Canada, but owning the stock is high risk and speculative. We remain a BUY with a $0.75 target price, and our target price is based on the indicated market value of in-situ resources for a peer group of companies, and our belief that BAR have discovered a significant gold resource of ~1.0 Moz at its Martiniere property, in addition to a significant nickel resource on the Grasset property.