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Balmoral Resources Ltd BALMF

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.


OTCQX:BALMF - Post by User

Post by Chaulkduston Mar 15, 2018 10:25am
78 Views
Post# 27719557

No RE Yet! - 16 Days Till End of 1st Qtr.

No RE Yet! - 16 Days Till End of 1st Qtr.Well, I guess when they said end of 1st Qtr they really meant it. SO, are we looking at March 31st?? Suffer for 15 more days. After waiting for many years I guess it matters little now. Like the TV show "Doors 1,2 or 3", One Door with a good RE, One Door with a Mediocre RE, One Door with the Big Nothing Burger. Which Door will BAR throw open for us loyal stockholders patiently waiting for DW’s famous “Shareholder Appreciation Slogan”.

BAR could at least throw out a couple of drill hole results, better than no news about anything since Feb 15th.  I just hope I don’t get my Free Watch in the mail with the word “SUCKER” engraved on the back!

Come On BAR show me the RE.

I was hoping that perhaps Detour would be interested in some of our ground. But they have a large land package already and are actively exploring their own property. They seem totally happy running tons of crappy .9g/ton gold  material through their mills. 20+ year mine life of this junk should keep them going for a while.

The Grassett RE of Indicated resources in the ground now has a dollar value of $1,002,564,733 using yesterday’s material values.  That alone is sort of equivalent to 750,000 oz’s of gold in the ground. Start punching a few holes around Grassett, build the resource – put 810 on the shelf for a while. Deep drill Martiniere,  expand the resource we already have identified. How hard is it to get it right! You have to give the shareholder something other than more stock dilution. Perhaps it’s time to attend a stockholder meeting with a few picket signs and pitchforks?

Yes, I am getting a bit impatient.

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