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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

Post by montybissetton Jul 20, 2019 2:24am
135 Views
Post# 29942489

clarification

clarificationBalmoral is also a gold company. BAR has spent many millions more on drilling for gold than WM @ Fen. Vast majority at Martiniere. 650,000 ounces. Vast majority shallow drilling with over double the grade Detour is mining and much higher grade deeper at Mart. In fairness to DGC they have 20 M ounces. So you can mine low grade. Unfortunately due to poor mgt and due to cash shortage we can't drill deep to prove grade is deep in the Abitibi and what most companies have found. There has been talk of a total 2 million plus at Mart. Same thing happened with Nickel drilling at Grasset. We were spending millions at Grass with nickel crashing in price from 9.00 to 3.50 and nickel inventories sky rocketing. In the middle of a huge run in gold in first 8 months of 2016 we put out a fabulous MRE on nickel. If you believe in WM you have to own BAR. It looks like that is what has been happening lately. When you put drills at Fenelon you aren't looking for nickel. We have said 6 months ago we were focusing on nickel. As mentioned before BAR is dramatically under valued. Not due to dirt, due to being very unlucky and pi po mgt. Nobody in their right mind sells a piece of property and creates a neighbor right beside you then bad mouths the property. Meanwhile being a shl in the purchaser and owning a royalty on the property. If they told me too nuggety and a backhoe pickup deal what they were telling people in the industry. I would imagine that got back to ELY if they did their due dilligence. Due Dilligence being checking our bank account and what was being said about property. One would think if your that stupid you would wait till you at least fire saled off the royalty. That gets you the dumbest person in the world award. Even passing me who owns just a few thousand shares less than 2.5 M and now 50% of the way to being whole. The above is just a tiny example of why you need to own BAR. Big thanks to the name DW can't seem to pronounce WALLBRIDGE. No guaranttees your going to get us out of this mess, but nice to see recent WM buyers doing well on BAR. You deserve it. Hopefully CD is feeling better about our prospects to. Hopefully the Vi Id we having running the company can be patient and open up the blinders to a way to maximie the gold and ni resource and not give away the farm. Hard for a explorer to do. It involves thinking like a CEO. Keeping your eye on the ball and thinking about putting shl value at the top of the agenda. 
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