OTCQX:BALMF - Post by User
Comment by
AlternativeViewon Feb 08, 2018 2:01pm
59 Views
Post# 27528134
RE:RE
RE:REIf this is so, then the upcoming RE might be for the shallow pits only. I expect to see 2 small pits.Perhaps they are going to leave the potential underground parts out of the calculation, but why then bother with extensive "wireframing" of the deeper zones? And how much gold is there right at surface at 5 - 10 Oz/t?
kbagai wrote: Spoke to John yesterday, he mentioned that the guidance of 1.5m ozs to 2.5m ozs is based on the full system and not the upcoming RE. So do not hope for a big move in the stock price post the results.
I infer the results would confirm the complexity of the system and clearly state all the reasons why we did not get a RE earlier. Likely, there is not enough gold, or it is uneconomical to have a mine there at these prices.
The share count is already overblown. Expect dilution to eternity. The management is happy with the awards, but the fortune is always made on rewards. The snail speed drilling over the last six years, lack of RE, no major strategics in the ownership structure and lack of skin in the game by the very own manamegemnt makes it a great stock, only shorting purposes.