OTCQX:BALMF - Post by User
Post by
montybissetton May 02, 2020 2:39pm
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Post# 30979656
Citation
CitationRemember the bulk sample deal. Last one 20,000 ounces and only got 1,700 Ca per ounce. They had huge costs to borrowing that money. Not next time and hopefully 500,00 to 1,000 Ca more per ounce. With the cash they have on hand and future backhoe pickup mining they should never have to go to the market again to get scalped. If the ES back of napkin deal can be believed we dont need to get involved with KL. WM has a much different future now with Bar land. A lot more independence to builld the biggest MRE known to man with high grade. We got so lucky when KL got the first hit and dropped 20%. I realize 700 plus outs is a lot. But it really is about ounces and grade and cash on hand on more cheap cash. Hopefully in next few weeks back to drilling and winning the triple crown. .37 would have gotten me a 1.5 cent loss per share and wacked for 37,000 shmakkers. After 7 years of watching this mess unfold. That is like Little Dyck and the buying hammers at the coop for 2.00 and selling them for a dollar.
Anyone know what the AISC for the bulk done last time by WM
Also remember those cost should come down do to fuel and experience in doing it before.
glta