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Belmont Resources Inc V.BEA

Alternate Symbol(s):  BELMF

Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include Athelstan-Jackpot (A-J), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J is the Company’s two former gold mines. Athelstan gold mine area drilling indicates a peripheral alteration zone to a potential deep-seated copper-gold porphyry. The Crackingstone Uranium is a high-grade uranium property situated in the prolific Beaverlodge Uranium District of the Athabasca basin. The Project covers four kilometers of the Black Bay Shear Zone, a northeast trending magnetic low corridor which hosts four past producing mines. CBC offers a potential large copper-gold porphyry. The Kibby Basin Lithium project is located 60 kilometers north of the lithium-rich Clayton Valley Basin.


TSXV:BEA - Post by User

Bullboard Posts
Comment by don118on Jan 05, 2011 8:55pm
229 Views
Post# 17930667

RE: correction

RE: correctionI also watch the volume. As an indicator it has never let me down. I have a feeling the spike began a few days ago and from my experience it appears to be a leak. IMHO the cat is out of the bag. This play hit and many are beginning to realize it as of 2 days ago. This thing was sitting at 13 and breathing hard anyway. Probably because they were splitting the core.
Now we get the NR. Should be a good one. The volume says so. Insider buying of late? I have heard the argument that this is  a cheap gold play and that is why we have so much traffic. They say that everyone wants to be in a gold play but I know gold plays that are stagnant when compared to this and others like GBB.( Look at the plays like TUO in B.C. with lots of potential yet it does next to nothing. )
I don't buy that argument. As one poster said there is a lot of volume compared to years past. It is my opinion that this play is moving on it's own merit.  The interest and/or volume is clearly here. There is too much going on in the world with gold for savvy investors to sit here on a nickel play. This is done for a reason and and that is to win a lottery and it is just a play like this where a nickel could get you 5 bucks.
Don
Bullboard Posts