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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 astrorbiton May 30, 2018 6:49pm
113 Views
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.?









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