OTCQX:BALMF - Post by User
Post by
astrorbiton Jun 04, 2017 6:16pm
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Post# 26322563
Resource ready. 1 down. 3 remaining(so far)
Resource ready. 1 down. 3 remaining(so far)The June corporate presentation is up.https://www.balmoralresources.com/investors/presentations
Bug North is "resource ready"
Others are in delineation.
11,000Metres of pending drill results.
30,000m planned for next round of drilling.
Martiniere gold system(finger lake/other structural targets)
Detour east(the knot,lynx/rambo)
Detour trend projects(hwy810,grasset gold)
Comparison to hecla's casa berardi gold mine.3.5million@4g
Abitibi premium of c$175 per ounce.
Page 14 BUG SOUTH image shows the drill holes ABCDEF 4 parallel structures
Bug south/bug north/ME-23/Bug lower steep.
Can't see BAR releasing individual resource estimates though.
News must be coming this week.
$8million left(may 31/2017)
Grasset nickel cost was $20million to delineate.1/3 of 1.2B(sirius resources)
Assumption $400million. BAR is less than $100million market cap.
At $1 per share would be about $135million (current share count approx 135million)
Assuming just 1 million ounces@$100(no abitibi premium)=$100million
$400m(nickel)+$100m(gold)=500M
Obviously,this is all hypothetical but even if it $100M(nickel)+$100M(gold)=$200M
There is something MISSING.