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Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals
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

Balmoral Resources Ltd > It is over $600 million worth of gold...
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Comment by Streicheron Mar 27, 2018 2:50pm
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Post# 27788871

RE:RE:It is over $600 million worth of gold...

RE:RE:It is over $600 million worth of gold...Very disappointing but on the positive side the grade is very good at almost 2 g/t. However, it is only a drill indicated resource and more drilling would be required to take it to a measured category.  Maybe a few pits of that size will justify a central process plant.  The  company needs to lay out a strategy showing how this small resource could fit into an overall development plan.
But don't hold your breath. 
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