Balmoral Resources Ltd BALMF

Interesting dynamics (& US$1bln in assets' market value)

[g4groovy]

Unfortunately IRE is not what most dhareholders expected and that is the sad part. However, if I am not mistaken, BAR still holds a tremendous land package with current resources market value of nearly US$1,000,000,000 between their gold and Ni assets. That translates to about US$100 mln. NPVr so ( I am too lazy to do prcize calculation). The market cap at this time is about US$30 mln, including CA$8 mln or so in cash. Thus, the market cap is about 1/4 of the NPV of the projects, and with significant growth potential, or so it looks. Things may not be as bad as they seem today, but there is a lot of work for BAR to do to prove that. I am sticking around for now. Will see how it goes.

[Chaulkdust]

Actually, at today’s prices the total in ground INDICATED resources are $1,758,767,494.00. Yes, the Initial RE was really weak, but it's only for a part of the real final asset. Market Cap 31,164,923 + 8 Mill in bank-> 39,164,923. At 10% of asset value $175,876,749 (perhaps a bit high?) and 138,510,776 shares outstanding yields about $1.26 USD per share of resources. So yes, market cap is

[Hawaiii]

I agree with you guys. There is value there. I also go back so something i posted in December, which started with a bit of a rant and ended with the following statement, and it is still true and is still necessary. Some non-bullshit, strait forward information should be made available.

[Chaulkdust]

Yes, the picture painted by BAR did not live up to expectations. Hopefully, not intentionally  misleading? I wish they would put the 810 land on the shelve for now. Plenty of time to go exploring new locations once we get the ones we have drilled out. I think they have to act quickly to support the existing resource base, and flushing out the areas where we know there is gold and hasn't

[chaney]

Chaulkdust, the only misleading information was from some posters with crazy numbers like 4 million and even some long time posters posting 1.5 to 3 million.  Number came in as I expected and posted. I think there was one other who mentioned that we wouldn't see 1.5 to 3 million as it was the intial RE and not to full depths.

[goodtoreadthis]

Congrats Hawaii on getting that past the Stockhouse posting police. 

[Hawaiii]

Twice, no less. :) The 590,000 ounces is a bit higher than i posted as expected yesterday. I'm kinda surprised that it was so poorly received.

[goodtoreadthis]

I love your post. But I would love it more if I could see how you came to those numerical conclusions. Can you share the build up numbers that lead to the final conclusion.