Balmoral Resources Ltd BALMF

In a perfect of world of back seat driving

[montybissett]

Littel Dyck has said a couple times we should of just kept drilling Grass and never stopped. As I have mentioned a couple times when nickel is 3.50 and inv double what they are today that would be a recipe for disaster. Kind of like where we are right now but a couple years early. 

IF and that is a major if. We would have raised significant cash summer of 2014. Done probably what very few would have. Kept drilling at Mart with 4 drills for 20 months. We get to a much higher share price summer of 16 when all the gold fire works went on. Then we go to market again and raise significant cash summer of 16. We don't have anymore shares out and much more meters drilled inc deep holes that prove up the theory deep is where the grade is. Then winter of 16 we hit Grass with 4 drills when nickel price has risen to 5.00 and exch rate is 1.35. 

We hit 2.00 on 3 occasions. summer 14 summer of 16 and late spring of 18.

I realize easy to be a back seat driver as I have said too many times. It would have taken a CEO with a big set o b and an incredible mind along with lots of luck. It is more than fair to say who is that sharp. What you can;t say is if that would have been done the above scenario wasn;t achievable. As I have said the only good thing about the mess the DW has created is a fire sale.
The really bad thing is DW has lost huge credibility nad that is doubly bad in the market we find ourselves. Anakysts said it was a wonderful buy @50 and crickets now.

Reminds me a bit of the realestate market. Banks willing to lend gobs when prices high. After they crash want nothing to do with lending when the risk has dropped dramatically.

GLTA