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Bullboard - Stock Discussion Forum Balmoral Resources Ltd BALMF

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.

OTCQX:BALMF - Post Discussion

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Post by montybissett on Nov 28, 2019 1:14pm

Bar

Is sitting on a couple billion of assets and right in the middle of the money printing Abititbi. Everywhere we have drilled has been gold or class 1 nickel and open everywhere. We have spent over 100  million drilling. So far to date a 60 million dollar company. We might have given away a nice chunk of the action and we have been very unlucky but were next door to a 5 billion dollar deal with  better dirt to date. I think we would be a .50 or higher if merger was received better. After drubbing KL took maybe no more suitors. Hopefully wrong. KL would have to go to 35.00 and DW announce a drilling program at Grass and 9 dry holes to slow us down. 

GLTA
Comment by ittwo on Nov 28, 2019 3:16pm
Agree. Arguably, BAR, with its smaller float/maket cap and a much larger land package full of preciousl metal bearing ground is perhaps a better buy and hold than WM. We'll see. 
Comment by Rustyred24 on Nov 29, 2019 4:43pm
I missed IR twice today they called back but I missed the call
Comment by flashcash on Nov 30, 2019 12:16am
If someone takes out Wally and Bally will be to, but who has those deep pockets, Newmount has a lot of cash but I don't think it's their neck of the woods, it would however be a new and exciting area though.
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