Balmoral Resources Ltd BALMF

RE:RE:RE:Wm deal for Bar is not worth it.

[RookieInv]

Major mining companies don't purchase properties than are under explored. As WM goes deeper, the grades and widths are getting larger. Any major would want them to continue to prove up the resource and also to see if the gold continues to area 52 for a potential open pit mine. As far as Martiniere, everyone is in agreement that it is very under explored. Again, that is not something a major mining company would usually purchase. .It would make much more sense to combine the properties now, prove up the resource, then sell it to a major. It would be much more valuable at that point as compared to now. If the deal doesn't go through, think about the dilution there will be in BAR. The money it will cost to drill area 52, as well as Martiniere. BAR will immediately drop in value and the PP's will be for a low share value creating massive dilution. Just look at the cost there's been to drill Fenelon. The thing people need to realize is that you are still going be part on Martiniere and area 52 after the deal. You're not outright selling the properties but will add Fenelon, a great management team with loads of cash, and the ability to commence production with 500 t/d @ an average of 10 g/t with all the infrastructure in place.