OTCQX:BALMF - Post by User
Comment by
Hawaiiion Feb 20, 2018 3:20am
79 Views
Post# 27585703
RE:What is it all about?
RE:What is it all about?Few points...
First, they don't control when the resource estimate will be finalized, so they are likely as eager to have it as we are. And, I agree, the gold numbers will be the turning point. Having the resource estimate prior to the PDAC is not really a priority as there are ongoing negotiations for both properties.
However, I dont think the share price will do much to the upside until there is a sale of one of the properties in place. Unless of course they publish a resource estimate that's north of 2 million ounces.
Martiniere -
I belive we will see above 1.5 million ounces, and based on the current news release, they are full steam ahead with getting drilling completed to compliment those numbers and will likely be ready for a follow-up RE by the end of Q2 if the property isn't sold by then.
Grasset -
Based on what I read in the current release, they are giving themselves Q2 to focus on Martiniere, which allows for further improvement in metals prices, and a possible sale of Grasset.
If a sale doen't develop in Q2, then drill the s**t out of it and improve that resource estimate.
Highway 810.
The timing wasn't great, but i think it shows, or perhaps alludes to, their future planning for what to expect after both other properties are sold. And, as a long shot, may also be cosidered a lure for Hecla, especially if they get some really good results.
Just my positive two cents worth
Cheers