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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.

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Balmoral Resources Ltd > Raised another 4.5 million

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Post by montybissett on Dec 16, 2019 5:08pm

Raised another 4.5 million

DW seems to always be impatient and wants to drill. I would hope we would get a lot more info from WM. He has a beauracy of friends and wants to keep them with cash flow. This is a flow thru deal at a decent price considering. I think we should approach KL or ES for a loan 30 million at market rates and give them a mortgage repayable in 3 years at market rates with the kicker of a option to get 30 million shares @ .50. We drill out our gold and our nickel.
I would still want to wait till WM drills the hell out of Fenelon.

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