Bullboard - Stock Discussion Forum Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

Add To Watchlist

OTCQX:BALMF - Post Discussion

Balmoral Resources Ltd > Nickel Hopeium?

View:

Post by Chaulkdust on Jun 29, 2018 8:13am

Nickel Hopeium?

I was hoping that the LME would move ahead with a separate pricing tier for Class 1 Nickel vs Class 2. However, it appears that there is a lot of resistance from the Class 1 producers. Apparently worried that a separate Class 1 price would drive down the price of Class 2 Nickel, thus affecting their operations. Politics as usual, nothing new .

The bright spot to remember is that Class 1 Nickel now sells at 5% to 30% premium over Class 2 Nickel at various locations across the globe, even without the LME official pricing. I would imagine that this premium will increase in the coming years once 8-1-1 EV battery production ramps up by 2020.

I am hoping that BAR makes a serious move on the Nickel play NOW. It appears to be the logical decision to make? Inventories are on a steady decline and this trend should continue, with Nickel prices hopefully slowly rising in the future.

A lot of hopeium in the words above – but what else do we have left?
https://www.infomine.com/ChartsAndData/ChartBuilder.aspx?gf=110553.t.&df=20171201&dt=20180629&cd=1&dr=6m

Comment

Comment by Chaulkdust on Jun 29, 2018 8:24am

Oops, I meant rsistance from Class 2 producers - not Class 1 producers. Can;t even edit my own words, perhaps I am a candidate for BAR Management! Sorry for the error.

Comment