Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Hawaiiion Sep 27, 2018 12:29pm
73 Views
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
<< Previous
Bullboard Posts
Next >>