Balmoral Resources Ltd BALMF

pointing out the obvious

[lechon1]

The resent results were great, showing continued mineralization with higher nickel grades and width. Some complain the step-outs were not wide enough, but the company is being methodical, leaving no doubt that the nickel is continuous. Be patient we'll get bigger no doubt, With 20-30km to play with, the chances of finding multiple H3 type zones is extremely likely! For those worried about the porphyry zone, it looks like the section southwest to it was turned vertical so it's likely the nickel grades increase as they drill it deeper. Northwest of the fault zone has strong grades so not a concern. The fact that the deeper they go, the bigger this gets real fast should put doubters at ease! Why is the stock price suffering then? There is not enough institutional support right now(they have their own issues to deal with) and commodities are not the place they want to be. Retail has not been able to push this where we should be so unless the gold price turns to the upside and all is good in the commodity world again, we will have to accept that we will be undervalued until a takeout offer comes. In the meantime does the company have what it takes to survive and be a winner when that turn does eventually come? I say this is one of the few explorers that have what it takes and the fact that they are able to raise funds seemingly at will proves it. Keep drilling and make it bigger and the offers will come. I calculate approx. 5mil mt so far at grasset. When do the mid size players start to get excited....maybe 10 mil mt, not too far off I would say!