OTCQX:BALMF - Post by User
Comment by
VOKBLVRon Jun 28, 2016 9:46pm
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Post# 25007014
RE:unfortunately got it backwards
RE:unfortunately got it backwardsI think you are a bit hard on D Wagner. He has expresssed his philosophy quite clearly to add value through the drill bit and has done so. We have a PEA on the Nickel deposit which just needs higher nickel prices to get some interest from the nickel producers (Sherrit, Vale and Exstrata along with KGHM) this is a big enough deposit with upside to be of interest to all of them, but to spend on Grasset at this time when real immediate value lies in expanding the Martinere gold system(s) seems to me to be the best use of the recently raised capital. We either have a large low grade open pit or a shallow, underground, high grade deposit and this years drilling shoud allow for a sense of where we are going. (I hope it is a massive open pit with grades superior to Detour.)