OTCQX:BALMF - Post by User
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Hawaiiion Sep 27, 2018 12:29pm
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Post# 28701802
RE:And POOF - It's all gone
RE:And POOF - It's all goneMorning CD.
The plan, as I understand it, is to drill Grasset to expand it and a do new RE on it, hopefully to make it big enough to sell. JV Martiniere, have the partner do the deep drilling, and get that to the levels we were lead to believe were there all along (+1.5m ounces). 50/50 partner on martiniere will give an influx of cash to then further explore/develop new nickel properties and the 810 property. Said influx of cash should also be used towards a special dividend. No idea on timing of JV, but it’s where martiniere is going. Grasset will be big, hence the focus on it, and it is less expensive to expand that versus trying to go deep at martiniere.
Its good that they realize this, and also good that they know their limitations and choose to manage things this way. Sure, it’s going to take time, but knowing where both martiniere and Grasset are headed gives some reassurance that someone has a plan.
cheers to all