OTCQX:BALMF - Post by User
Comment by
RookieInvon Jul 29, 2019 12:42pm
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Post# 29971073
RE:RE:RE:RE:Jul presentation.
RE:RE:RE:RE:Jul presentation.Are you joking Chaulkdust? Have you not read the news releases for WM or listened to Sprott weekly? Area 51 is a massive find. WM pulled almost 20,000 ounces from a 35,000 tonne bulk sample. WM management has been methodical in what they've done and are always bang on with their projections and don't fabricate anything. They will release a resource estimate once they have the proper drilling results and it will be in the millions of ounces. They didn't even purchase the property until later in 2016 so I doubt the first thing they did was announce a 36,000 ounce resource estimate. If you look at their presentation you can see what they are targeting as follows:
Targeting Free Cash Flow from Operations and Growth Through Exploration and Acquisitions 3-year Goal: +60KOz Au per year sustainable Producer 5-year Goal: +100KOz Au per year sustainable Producer.
Sprott continues to rave about WM and will not be pulling out.
I hope BAR finds good grades as well but WM is so much more advanced at this time and has a top notch management team.