OTCQX:BALMF - Post by User
Post by
astrorbiton May 30, 2018 6:49pm
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Post# 28102093
Majors NOT GAMBLING.
Majors NOT GAMBLING.If grasset is a rare find and nickel is forecasted to go higher then why has no major gambled?
At 300,000 may 2014 nickel LME the price of nickel was around $8
At 300,000 May 2018 nickel LME the price of nickel is 6.86
Discussions with glencore took place when nickel was $9...in 2014.
In 6 months 60-80,000 could come off to 240,000.
There does appear to be something off here.
Based on the April 2018 presentation nickel portion.
Grasset is 1/3 of Sirius resources deposit.
1.2Billion when nickel was 6.35.US
Based on mathematics if Grasset is 1 to 1 and nickel is higher....
Lots of assumptions but $9 nickel $1.8Billion?
Yet NO MAJOR wants to gamble 28Million to BUY THE WHOLE BAR.
or $5million to get the 19.9%
BAR still needs to find their Bollinger.
Which other company was in discussion with BAR.?