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Bullboard - Stock Discussion Forum 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 Discussion

Balmoral Resources Ltd > Ton of news coming
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Post by montybissett on Jan 03, 2020 12:27pm

Ton of news coming

CD just not necesarily from us. WM hasn't produced results for a month and huge amount of news coming. KL will be laying out a ton of news on their plans to grow the resource with higher grade and lower AISC. Gold price hopefully keeps moving up. Maybe KL does their due dilligence and takes a position like Sprott did. That is what has moved our needle last 6 months. CD our last blind adventure into WM border didn't move our needle. Lets grow our resource at Mart if we need to drill. Folks buying are looking for ounces. KL is looking for ounces that will cost them a lot less in the area than someone else building another billion dollar mine if that deal works out. KL is looking at our property and WM property for ounces of proven gold with huge potential to grow the resource with a great AISC. I would rather have short term pain for long term gain. We have to have good drill results. Its a cra. shoot but I would rather play the cra.s game with as much info as possible. Who knows maybe with a China deal and their stimulus package of borrowed money that could get nickel market going in right direction. Who ever bought that nickel @ 8 is taking in on the chin big time. Hopefully one of us right CD
Comment by Chaulkdust on Jan 03, 2020 3:52pm
Monty, I’d like to see them drill some deep holes at Martinere and flush that existing RE out a bit. They have an ideal setup there with an existing RE at 600,000 oz’s and very expandable at depth. Perfect setup for a starter open pit at 2 g/t gold and then a UG mine for the good grade material. I would image they can get the resource up to 1-2 million Oz’s quite quickly. Nickel/Grasset is still a ...more  
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