OTCQX:BALMF - Post by User
Comment by
Chaulkduston Jul 11, 2018 8:44am
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Post# 28298343
RE:Kind of reminds
RE:Kind of remindsLast I saw, Paulson wanted them to SELL the company and return some value to shareholders. Said management was very poor (What’s new)? Previous QTR downgraded things for the future, higher all in sustaining costs coming up due to a drop in the grade of dirt being processed. It was .97/ per ton , now projected to go lower, with processing costs rising. So what does that mean? Reserves of 2 million Oz’s with very poor grade that takes a lot of processing to extract the gold already and is getting worse in the future. Fuel costs will be rising in the future as well. I agreed with Paulson, sounds like BS to me. I know they have been exploring their property, but obviously haven’t found anything or they would have announced something. They would have been better off buy Martinierer!!