OTCQX:BALMF - Post by User
Comment by
astrorbiton Feb 11, 2018 6:44pm
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Post# 27541976
RE:Interesting AStudy But Mostly Applicable To Low Grade
RE:Interesting AStudy But Mostly Applicable To Low GradeThe BAR JANUARY presentation page 16.
$175 abitibi premium.
A valuation of $10.20*147million O/S=about 1.5Billion.
That is an extremely rare best case scenario.
If that comes to fruition then the "gold majors" made a costly mistake of not investing in BAR.
7Years for 1M ounces would be pretty bad.
The range has been from 1-3million ounces@5-8g.
With possibility of up to 10million in the entire land package.(which will take decades to discover at this rate)
A P.E.A can be completed in 1-3months if the RE comes out.
OSK to complete RE in MAY 2018 and have a PEA by June 2018.