Balmoral Resources Ltd BALMF

CD

[montybissett]

I know you would like to have the drills moving. We got going from WM then jumped again with sending drills out to their border, then we got a  nice jump from Babe Sprott. Drill holes on the border hurt the stock but showed continuation. We didn't get a jump from recent  drilling. Mainly our location and our land package and past performance with 2 assets.

If KL closes and WM keeps puttting out good news and we keep our powder dry till we get a a heck of a lot more info that could be a plan. We have only put out okay drill results for quite awhile while sitting on fabulous drill results in the past. Whether Gold or Ni.

Patience is the name of the game. If WM hits it they can be our saviour. We have 10's of millions less cash WM and 100's of millions less cash than KL. Maybe KL will put drills out on Q O border to see what is going on. I dont suggest we wait for that but it would be interesting if they did. WM might put out outstanding holes on their southern and western border that might be a game changer for us.

We are spending a pile on a survey lets see what it says. So far we have spent apox 100 million drilling. We had last summer 2.5 billion Ca of drilling results. I would like to see us borrow money from KL Agnico Sprott etc and not use shares and give them an option to buy
our gold based on results. Use property as a first mortgage if that is possible. 3 year pay back with interest added on the end. Large loan. WM borrowed small money to do a bulk sample. Different of course. We have 1.2 b of gold in the proven category. I think it would be worth the gamble. Again we haven't went up a penny from drill results last 2 years........
Yes huge drill results would move the needle dramatically. Im okay with drilling with a ton of info.