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Belmont Resources Inc V.BEA

Alternate Symbol(s):  BELMF

Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include Athelstan-Jackpot (A-J), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J is the Company’s two former gold mines. Athelstan gold mine area drilling indicates a peripheral alteration zone to a potential deep-seated copper-gold porphyry. The Crackingstone Uranium is a high-grade uranium property situated in the prolific Beaverlodge Uranium District of the Athabasca basin. The Project covers four kilometers of the Black Bay Shear Zone, a northeast trending magnetic low corridor which hosts four past producing mines. CBC offers a potential large copper-gold porphyry. The Kibby Basin Lithium project is located 60 kilometers north of the lithium-rich Clayton Valley Basin.


TSXV:BEA - Post by User

Bullboard Posts
Comment by SirHumpsAloton Jul 13, 2018 10:24am
38 Views
Post# 28311772

RE:Very very good situation here now!!!!

RE:Very very good situation here now!!!!Given the market conditions and the difficulty in finding money to advance projects I would agree that this is a great deal. We give up 50% but the money and technology will be there to take this to the finish line. For them to earn 50% there is a considerable amount of work and cash to be injected and BEA has warrents left to exercise. This is solid news all the way around.

Highbank and Montoro resources shareholders will be happy as well if MGX assumes operations of the project because that frees up considerable time for management to focuse on the other companies thay they are involved with.

I am very pleased with this. The market is a bit skiddish seeing that the 7 cent shares have not been cleaned out yet but the bid ask is 6.5-7.0 which is a very nice thing to see.

Good luck to all, we just need to ride this to the finish line! 
Bullboard Posts