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Balmoral Resources Ltd BALMF

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

Post by awacs1on Dec 02, 2019 3:03pm
246 Views
Post# 30414266

Subdued Froth

Subdued FrothWM and BAR represent the real froth on the gold market. I note that the other area player, MD does not have ES interest and has property around the distant edges. At present the WM market cap represents about 1.1 million oz Au at $300/oz in the ground, and BAR is undervalued with only 180K ozAu represented in the MC. BAR would have to increase 6x to get to the MC of WM and that will happen if the holes have any VG or reasonable indication of being in the same geo ore body. Go BAR
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