OTCQX:BALMF - Post by User
Post by
montybissetton Nov 27, 2019 6:18pm
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Post# 30399988
Hopefully
Hopefullysomeone is seriously looking at DGC besides KL. Fen is looking like a fabulous property but it is a small piece of land and a long way from DGC mill. The Babe obviously has lit a fire under KL about the area. In doing a tad of research see where Makuch was CEO of LSG when they took out WT so DW and him have negotiated a deal before. He picked DW pocket pretty well at 1,200 gold on the way to 1,900. DW so far after 4 million dollar Fen man that so far has turned into the -350 m dollar man is not considered being the -1 billion dollar man. I'm throwing figures around like the Babe. The name of the game is patience.
DW should come put with a press release saying the following. I know we said last year we were going to be focusing on nickel in the future. I know we put out a MRE on Grass in the middle of the last bull run on gold after nickel crashed. I know we said we are going to have a significant drill program at Grass in new year that has been shelved for the immediate future. Balmoral will be focusing like a laser on gold. We realize it will be okay to go with the flavor of the day. The flavor being gold. Grass is a fabulous asset and we will be back at it when the market for nickel turns back up again. Investors of been burned by him wandering and hopefully that would put that to bed.
The play is really looking promising. It might give us the chance to do Grass on our own. What I mean is not share the wealth till it is a major resource if is there. If we got some great holes coming and who knows and the share price takes another jump we could have funding to improve to expand 52 and Mart and stay a little longer out of the JV business.
So far price of gold not really effecting share price for WM or BAR. That is the wild card