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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 Nov 18, 2019 3:30pm
137 Views
Post# 30366364

I would

I would be totally happy at this point to get a royalty on the gold. If someone plunks down a few hundred million for WM in the future hopefully they would realize how important the rest of the land we own is. 1,000 to 1,500 5% and 1,500 and up 7.5%. From when the mine opens and regardless of where the gold comes from we receive funds either for our gold or just sitting on our gold we still get a small down payment on future royalties. That gets DW out of the wandering business and with one focus on nickel. As mentioned before we have been really unlucky besides being real stupid. If we find Ni a year earlier we are out of the nickel deal in big run up 14. That would have given us the money to properly drill out Mart and have that ready to go 2 years later for the huge run first 8 months of 16.  

If we got 50.00 to 100.00 an ounce for all the gold I think we would do well. WM could also reward us and say sorry lads we will wait you out. We have enough ounces to keep us going for years.    
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