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Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals
Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.


OTCQX:BALMF - Post by User

Balmoral Resources Ltd > No winter drilling
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Comment by astrorbiton Mar 05, 2019 2:31pm
45 Views
Post# 29445125

RE:RE:No winter drilling

RE:RE:No winter drillingThe last drilling campaign did nothing for share price.

The reason is there is no safety net if this upcoming drilling program fails to move the share price.

$3M-1M=2M

$1M worth of drill results is so insignificant.

To maximize the capital left BAR needs nickel to rise drastically and have hope that a major finally does something.

Nickel is currently at $6.07. To be on the safe side it has to hit $8 then it will be officially firmly be $6. Considering the price has been  bouncing around $4-$6 for 5 years.

280K LME=$8 in 2014
196K LME=$6 in 2019

Still waiting for some sort of financing.
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