Balmoral Resources Ltd BALMF

multiple chances for success.

[astrorbit]

Lead project
Martiniere=gold
Secondary project
Grasset=Nickel(currently on the shelf)

Hwy810(interesting project)

Northshore(gta)(Hiatus)
N2(hiatus)

It is going to be dicey with under $10million cash. (more than enough for 2017)

Will the same Dejavu happen AGAIN(delay)

A financing will basically be the "sign" that BAR is intending to drill in 2018

With all the anticipation of the RE.It will most likely be a letdown no matter the size.Unless it is really EYE-POPPING.

>5million

[lccommoner]

Here is my take: 1. Spent too much time and monies chasing nickel deposit.  Currently not viable.  Read discussion/information on Balmorals' website.  Need strong upside of nickel price and then unload this deposit for 20-30 million. 2. Take the 20 million and get the gold resource to 5-7 million ounces. Do not do any more financing/diluting.  Fully diluted shares already

[canadian0308]

I'm not sure if your post is being sarcastic - comparing Balmoral to Gold Mining? You know all ounces are not being equal right? Having said that, I agree with you point - if they could get a decent price by selling the nickel asset it would help with less dilution. Indeed, BAR has already lowered their stake in a gold project in Ontario (JV to GTA) and sold another gold project to Wallbridge