OTCQX:BALMF - Post by User
Comment by
AlternativeViewon Dec 12, 2016 12:01pm
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Post# 25586108
RE:Dammed if you do
RE:Dammed if you doGood morning Montague,
Been a while since I checked in here. The simple fact is the the nickel play is too deep to be further advanced by BAR. They don't have deep enough pockets to roll the dice with another $10M, to drill below the existing resource at Grasset.
Now it seem as though Martiniere is transitioning into a lower-grade, higher tonnage target, also requiring a great deal more drilling. Difficult to predict where this will lead. Particularly, now that Darrin has indicated he wants to shift focus over to Detour East.
Do you foresee a maiden resource at Martiniere, any time in 2017?
montybissett wrote: Dammed if you don't. As mentioned before we got it backwards. Last spring was the time to be releasing a RE on the gold after having drilled in our gold like crazy over last couple years. Last few months should have been drilling like crazy in our nickel find. Unfortunately we don't get do overs and crystal balls
.
Also mentioned before easy to be back seat driver. With crashing nickel market we put out as RE way too soon. So that needs lots more drilling. If we had a crystal ball we would all be doing very well.
If we would have had a couple million ounces estimated of gold it would have been interesting to see where we would have went last summer.
Now the new dilema and the 100.00 question what to do now. I totally iunderstand someone saying we have to move funds to nickel. I see the gold being worth far more than nickel some day. That window is closing for now. I can't see nickel window being open for a long period of time. It isn't slammed shut right now. Glad I can sit in the back seat as our driver Mr Wagner figures out where the hell we are going.