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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

Balmoral Resources Ltd > Location Location
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Post by montybissett on Dec 05, 2019 10:43am

Location Location

We thought maybe ES knew what was happening with the 9 holes. I think he will tell us tomorrow he bought in for the old real estate anology. Location. .17 for a couple billion of resources is a steal and he would take it any day even with 9 holes of mediocre. 
We just have to be patient. I would rather plunk a couple deep holes at Mart and another couple deep holes at Grass than wander around trying to find continuity at 52. After WM drill program the wandering might be a tad easier.
Comment by Mulletman99 on Dec 06, 2019 9:23am
That's thinking WAY too practically. Although I agree its a good strategy, Area 52/50 are what's driving the valuation up and allowed them to get the $$ to continue drilling at all. Without Area 52, we would be sitting here wondering if there would even be ANY drilling in 2020.
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