Balmoral Resources Ltd BALMF

Sprott

[montybissett]

still buying Wall in the 40's. DW still taking options at .18. I looked at our latest presentation that was out awhile ago. No mention of Wall except saying 1% NSR. These loons probably could have called Sprott and got more for the royalty. You wonder what they are going to give away next. In fairness to these loons. They did the airborn survey so they needed to get it out. They have so little news to report they have to dribble it out.

Wall has had a huge run in a down market. Hopefully if Bar does another deal they will structure it properly so both sides win instead of the other side..

[shneps]

Sprott made his initial investment in WM for less then $9mil, for 67mil+ shares. Since that time, by chipping in another mere $2mil+/- he has increased his investment value to over $33mil. And where does all that money come from? Yes, the FOMO (Fear of Missing Out) crowd who do "no" due diligence and jump on bandwagons. If Sprott left his position right now WM would be toast. It wouldn

[RookieInv]

I will assume you don't know anything about gold grades and only care about nickel. Why don't you read the press releases from Wallbridge and see the grades from the assays. Look at the gold they pulled out of the bulk sample with another 10,000 tonnes to be reported which will be the highest grades of the 35,000 tonnes. You can complain about Sprott if you want but he's a billionaire

[shneps]

Spending $23mil to receive $10mil from the bulk samples does not make for an ongoing economic model. Fenelon grades are generally cut by between 60-65% of true width. The grades are impressive but are still not economical to justify continuing any further. Balmoral's Martinere has the same types of grades, has a resource estimate of over 600,000 ounces (compared to WM's 23,000 ounces) and

[RookieInv]

I'm not sure where you obtained your figures from, unless you are only looking at the Y/E financials. The first 25,000 tonnes of the bulk sample produced over 14,000 ounces of gold which equates to $18,000,000. They will be releasing the results of the final 10,000 tonnes any day now and it is anticipated to be the highest grade of the bulk sample. This will generate another $7,000,000 in