Belmont Resources Inc V.BEA

Alternate Symbol(s): BELMF

Metals & Mining Industrial Metals & Minerals

Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include Athelstan-Jackpot (A-J), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J is the Company’s two former gold mines. Athelstan gold mine area drilling indicates a peripheral alteration zone to a potential deep-seated copper-gold porphyry. The Crackingstone Uranium is a high-grade uranium property situated in the prolific Beaverlodge Uranium District of the Athabasca basin. The Project covers four kilometers of the Black Bay Shear Zone, a northeast trending magnetic low corridor which hosts four past producing mines. CBC offers a potential large copper-gold porphyry. The Kibby Basin Lithium project is located 60 kilometers north of the lithium-rich Clayton Valley Basin.

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Belmont Resources Inc

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Post by moneywagonon Mar 20, 2024 11:03am

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Post# 35942797

BEA~RUMOUR HAS IT ALL WE NEED IS LUCK~INVESTORS LUV GEORGE

 	 		, 20:47 

 				 
@GoodAsGoldGeorge isn't the problem or a problem. As I said before, the co has had 4 properties drilled over the last 2 years, 2 of them on another cos (Marquee's) dime, limiting risk/dilution to BEA. He's also managed to arrange financings with European/Asian firms, again limiting what would be the usual vultures from participating in placements. The float would be considerably higher (particularly fully diluted with warrants) had this not been the case, and the sp less. There's a whack of cos with caps below $1 mil currently with no hope of financing and no hope of work...and have essentially been stagnant since the pandemic. If there's any issue, it's what plagues the whole weakened sector...lack of broad investor/speculator interest that limits financing. With a couple million dollars, they could conduct more thorough programs, testing more targets particularly at depth that are more costly; but in the case of AJ could be the key. Other than that, about all George could do is possibly acquire new properties to generate excitement and start the process over once again...and maybe go at Crackingstone (while U is hot) and possibly revisit AJ to drill below Jackpot. George isn't the problem. 
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