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Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals
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

Balmoral Resources Ltd
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Post by Chaulkduston Dec 15, 2018 12:34pm
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Post# 29119777

Paulson Wins Control of Detour Board

Paulson Wins Control of Detour Board
In case you haven't heard Paulson now controls the Detour Board. As you may know he is in favor of selling detour. He believes that the current mine plan is a loser. Can't say I blame him with Detour open pit ore grade slipping to .97 g/ton. Nothing like scrapping and processing DIRT. So what's the end game for Detour's new owners should this occur? Maybe buy some good BAR open pit ore? Gotta catch a break one of these days.
https://www.bloomberg.com/news/articles/2018-12-13/detour-gold-shareholders-said-to-side-with-paulson-in-key-vote
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