Balmoral Resources Ltd BALMF

I just got this from John Foulkes at Bar...

[mountainpose]

I'm the third largest holder of Bar stock. John is comparing for trading purposes another company vs. Bar. His thesis is totally correct. Clearly management feels the pain as much as we do. I have a problem though. The email came with a PDF file with all the details. Does anyone know how to attach a PDF file to these posts? If it can't be done leave me your email address in my message box and I will forward it to you. You need the file to completely understand his argument. Fred, (Not my real name) Weve been getting a number of enquiries recently about Garibaldi Resources (GGI:TSXV). Their shares are trading well above C$4.00 (and have traded above C$5.00) per share - up from less than C$0.20 per share in late July - as a result of exploration news out of their E&L nickel project located on top of Nickel Mountain in the Kitimat-Stikine region north of Stewart. This gives their E&L nickel project an attributable market valuation of over C$400 million (see page 1 of attached). As of Nov 1st, no assay results had been released from any of the 12 drill holes that GGI had completed to Oct 13th, but Garibaldi have published assays from recent surface sampling and trenching, as well as details of historical work including a 1966 resource estimate. A 4 page side-by-side comparison of E&L to our Grasset nickel project is attached. I encourage you to contact me to discuss all of this. The implication to Balmoral of a market valuation of this scale for a nickel sulphide exploration project at this stage, location, and quality is of course immense. Best, John Foulkes VP, Corporate Development C [phone] D [phone] TF [phone]