Balmoral Resources Ltd BALMF

My take on latest news release by BAR

[goodtoreadthis]

I trust Darren Wagner but do call anyone's attention to the fact that if
they distrust D W for any reason, this latest news release is NOT embargo'd for release in the United States. Therefore DW is subject to liability for a false statement under the Sarbanes- OxLEY LAW in the US . 

BAR geos in my view are quite exceptional. They have a HUGE area to consider and the entire area is covered with overburden of some significance. Despite the vast range of choices they can make and despite the overburden, BAR has reported significant results at Martinere, Bug Lake, Finger Lakes and the Horsefly zone. On top of that they have a substantial find of both Nickel and Cobalt at Grasette. 

Years ago, I had the chance to tour Northgate's Young Davidson mine in Matechewan Ontario. In the space of 6 hours, my wife and I were shown the same small amount of visible gold 5 times. Miners get really excited by visible gold becuase that gold CONFIRMS that the geos really know what they are doing. Here DW is justifiably proud that they already have visible gold showing on one of their drill holes. I will never forget the raw excitement of the Northgate miners at the presence of visible gold. They were like kids in a candy store who were told everything is free today. 

EV batteries are expected to use large amounts of Nickle sulfide and cobalt.  BAR has 2.3 mil pounds of cobalt at Grasette, and 100 mil pounds of Nickel sulfide . That DW reported several inquiries about BAR's near term plans for Grasetts's nickel and CObalt tell me, we are sitting on a HUGE nest egg. 

Our stock price stinks but it is not stinky becuase of anything the company is doing.  The company is going gang busters and someday the stock price will do so as well. In the meantime I will do what I do best which is sit on my behind and wait for the  stock price to go up.

[Streicher]

The alyernative view is always welcome but visible gold in drill core may mean zilch. And often does. The important thing is can it be mined at a profit?  That is why ore reserve estimates are important. They are based on  geological and mineralisation continuity, that can be reasonably estimated and/or geostatistics.  How often do we see 50g/t over 1m or !g/t over 50M?  

[kbagai]

Well said, Streicher. Im my previous messages I asked if anyone knows who was responsible for WTM's success? I am pretty sure it was not DW, and I guess his payoffs were also not substantial. Anyways, you are absolutely right these guys do not understand what's mineable and what's not. These guys are so happy with the awards that they forget the time value of money which is brutally

[chaney]

Kab, if you're so sure it's going down sell it and stop the crying. Kab, you've recently have come to the board, how long have you been suffering?

[goodtoreadthis]

What u posted is true and accurate;but I don't agree that they have lost economic focus. The only place where that is true is the Highway 810 drilling. That seems like a "wing it" type of drilling until you remember that DW said he has had his eyes on 810 for years and has always wanted to own it.  So at the end of that drilling campaign we will have a clear view of how much DW