Balmoral Resources Ltd BALMF

More on Balmoral:

[Rocket444]

1. The core value foundation is built (Grasset and Martiniere Initial Resources coupled with very strong nickel and gold prices)
    
2. The hindrances to investment are removed (financing overhang removed^*, endorsement by prominent strategic investor secured^**, low market cap vs our assets / our peers’ market cap)
    
3. The street has woken up and is talking about Bar again (including Allan, Taylor, Kaiser, Coyle, James, Lemieux, Sprott, Cook, Bell, Handwerger)^**
    
4. Exploration/growth on multiple fronts with two discoveries in the box (Area 52 (14 g/t gold over 3.3m) and Grasset Central (2 massive sulphide nickel intercepts at 4.1% and 3.6%))

 
Immediate catalysts:

• Closed the financing (November 8) which brings BAR to $6,000,000 in working capital^*
• Announce a significant new strategic investment by Eric Sprott (November 8)
• Takeover offer for Detour Gold (November 24)

• Release of the nine Area 52 follow-up holes
   

Then, the winter program will start, which will include:

• Area 52 (gold) Phase 3 expansion and exploration drilling
• Grasset Deposit (nickel) resource expansion drilling
• Grasset Central (nickel and gold) drill targeting geophysics
• RUM Bluenose (nickel-PGEs) drill targeting geophysics

 
^**Recent Highlights:
 

• Kirkland Lake Gold offers $5B for the neighbouring Detour Gold  November 24^th:
  https://www.linkedin.com/posts/foulkeswagen_kirkland-lake-gold-wants-to-buy-detour-gold-activity-6605166605930414080-z0lu

 

• Jay Taylor’s updated overview of Balmoral from October 25^th:
  https://www.miningstocks.com/archive/update/77053221/BALMORAL-RESOURCES-LTD-2019-10-25.pdf

 

• John Kaiser discusses our new Area 52 discovery in his Sept 18^th Discovery Watch (starts at 22:00 in)
  https://youtu.be/p2-CgYsFokI?t=1341
   
• John Foulkes’ 15 minute presentation from the Denver Gold Show Sept 17^th can be viewed here:
  https://wsw.com/webcast/xpl19/bar.to/?lobby=true&day=3
   
• John Kaiser also notes in his Sept 16^th TRACKER: ‘Area 51 corridor extension reactions hides Balmoral's SLDZ discovery’
  
  “What the market seemed to overlook was that for a blind target in an untouched overburden covered area, 3.29 m of 14.03 g/t gold was a pretty good outcome. Balmoral has started a follow up drill program of 6 shallow holes on drill pads 25 m to the east and west of hole #19-03 which will seek to establish the strike, dip and possibly plunge of the gold mineralized shear zone within a 75 m segment of an east-west trend on which the resistivity high repeats on 300 m spaced IP survey lines. Results are expected in early November. If results are similar this will qualify as a new discovery zone and a key focus for Balmoral.”
  
  “Balmoral Resources continues to have a Bottom-Fish Spec Value rating and should be of interest to speculators who want both discovery exploration potential and optionality exposure to higher gold and nickel prices.”
   
• Darin Wagner’s presentation and interview from Sept 6^th & 7^th  Metals Investor Forum (BAR was invited to exhibit by both John Kaiser and Jay Taylor) can be viewed here:
  Presentation: https://youtu.be/m1wli5W8sNs
  Interview: https://youtu.be/9alF8oSJxTk
   
• John Kaiser made Balmoral his newest Discovery Watch Junior (starts at 14:00 in) on August 8^th
  https://youtu.be/hSdgBtQC4qw?t=830

 

• Mike Coyle of Inside Exploration listed us as one of his 5 Juniors with Assays coming to watch August 2^nd and noted “Balmoral may be one of my favorite plays of the year…”:
  https://insidexploration.com/assay-watch-part-2/

 

• BAR was topic of the first Q&A question (at 12:00 in) for Eric Sprott on his popular (over 6,000 listeners already) Sprott Money News Weekly Roundup Friday July 26^th, and he committed 1:30 of his 20:00 show to discussing Balmoral specifically.
  https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-72619

 

• Jay Taylor’s comments from Aug 2nd (attached) and from July 19^th:
  https://www.miningstocks.com/archive/update/5878156/BALMORAL-RESOURCES-LTD-2019-07-19.pdf
   
• Eric Sprott’s first mention of Balmoral (at 12:00 in) July 19^th
  https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-71919

[Chaulkdust]

Nice Summary Rocket. I guess the message is not to throw out the baby with the bath water? I agree BAR has some life left, just might take some time to get resuscitated.

[awacs1]

I would not put too much weight to the Ni or Cu resources. In the long term they may be a real winner but over the past two months nickel has fallen from $8/# to $6/# and the inventory does not suggest a surge in the short term. Cu, Pb and Zn are not showing much strength either. The current pay metal is Au with Ag doing a coat tail ride but the ratio is still flirting with the all times high at