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.

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Balmoral Resources Ltd > Chaney - Thanks For Putting My Brain Into Gear

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Comment by chaneyon Feb 07, 2019 5:46pm

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Post# 29335011

RE:Chaney - Thanks For Putting My Brain Into Gear

AV, yes to the partner question. My thinking is it's easier to get a partner for nickel than gold as there are many gold opportunities out there and so few nickel opportunities which would make for a much better deal.

As for yesterday's news I think management has to be very happy with it. The system extends beyond the 500m level.It's uninterrupted, extends to about 800m with mineralization. I'm sure with some more work they can get a good idea of the amount of nickel. Obviously these new zones seem to have management even more excited.

I do recall a reference to 6 drills as well but I draw a blank as well.

We know cash is needed...... recent presentation shows working capital of $3.8 million.

AlternativeView wrote: Just grabbed some more after, after thinking through a possible Aussie connection

Seems obvious now that they should be able to attract a partner for Grasset, after all the talk of "clustered" deposits in an emerging "nickel district". The entire length of the GUC just became a highly prospective, wide-ranging, shallow exploration project, whereGrasset was merely a deep, expensive expansion project.

And they really cannot pull this off on their own anyways. So best to take on a partner for the GUC, let Martiniere alone for a while, and possibly pursue other oportunities in the land portfolio.