OTCQX:BALMF - Post by User
Post by
Rocket444on Dec 05, 2019 4:09am
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Post# 30423740
More on Balmoral:
More on Balmoral: - The core value foundation is built (Grasset and Martiniere Initial Resources coupled with very strong nickel and gold prices)
- The hindrances to investment are removed (financing overhang removed*, endorsement by prominent strategic investor secured**, low market cap vs our assets / our peers’ market cap)
- The street has woken up and is talking about Bar again (including Allan, Taylor, Kaiser, Coyle, James, Lemieux, Sprott, Cook, Bell, Handwerger)**
- Exploration/growth on multiple fronts with two discoveries in the box (Area 52 (14 g/t gold over 3.3m) and Grasset Central (2 massive sulphide nickel intercepts at 4.1% and 3.6%))
Immediate catalysts: - Closed the financing (November 8) which brings BAR to $6,000,000 in working capital*
- Announce a significant new strategic investment by Eric Sprott (November 8)
- Takeover offer for Detour Gold (November 24)
- Release of the nine Area 52 follow-up holes
Then, the winter program will start, which will include: - Area 52 (gold) Phase 3 expansion and exploration drilling
- Grasset Deposit (nickel) resource expansion drilling
- Grasset Central (nickel and gold) drill targeting geophysics
- RUM Bluenose (nickel-PGEs) drill targeting geophysics
**Recent Highlights: - John Kaiser discusses our new Area 52 discovery in his Sept 18th Discovery Watch (starts at 22:00 in)
https://youtu.be/p2-CgYsFokI?t=1341
- John Foulkes’ 15 minute presentation from the Denver Gold Show Sept 17th can be viewed here:
https://wsw.com/webcast/xpl19/bar.to/?lobby=true&day=3
- John Kaiser also notes in his Sept 16th TRACKER: ‘Area 51 corridor extension reactions hides Balmoral's SLDZ discovery’
“What the market seemed to overlook was that for a blind target in an untouched overburden covered area, 3.29 m of 14.03 g/t gold was a pretty good outcome. Balmoral has started a follow up drill program of 6 shallow holes on drill pads 25 m to the east and west of hole #19-03 which will seek to establish the strike, dip and possibly plunge of the gold mineralized shear zone within a 75 m segment of an east-west trend on which the resistivity high repeats on 300 m spaced IP survey lines. Results are expected in early November. If results are similar this will qualify as a new discovery zone and a key focus for Balmoral.”
“Balmoral Resources continues to have a Bottom-Fish Spec Value rating and should be of interest to speculators who want both discovery exploration potential and optionality exposure to higher gold and nickel prices.”
- Darin Wagner’s presentation and interview from Sept 6th & 7th Metals Investor Forum (BAR was invited to exhibit by both John Kaiser and Jay Taylor) can be viewed here:
Presentation: https://youtu.be/m1wli5W8sNs
Interview: https://youtu.be/9alF8oSJxTk
- John Kaiser made Balmoral his newest Discovery Watch Junior (starts at 14:00 in) on August 8th
https://youtu.be/hSdgBtQC4qw?t=830