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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum Belmont Resources Inc V.BEA

Alternate Symbol(s):  BELMF

Metals & Mining Industrial Metals & Minerals
Belmont Resources Inc. is a Canada-based company. The Company is engaged in operating a portfolio of highly prospective copper, gold, lithium, uranium and rare earths projects located in British Columbia, Saskatchewan, Washington and Nevada States. Its holdings include Athelstan-Jackpot (A-J), Crackingstone Uranium, Come By Chance (CBC), Lone Star Copper-Gold, and Kibby Basin Lithium. The A-J... see more

TSXV:BEA - Post Discussion

Belmont Resources Inc > water rights in nevada are worth more then gold!
View:
Post by JefferySkillng on Jun 19, 2022 12:47pm

water rights in nevada are worth more then gold!

The Kibby Basin lithium property is fully permitted by the state of Nevada to extract a maximum 2,896 acrefeet (944 million gallons) annually of water for brine processing and production of lithium compounds.

Obtaining a water permit for the Kibby Basin lithium project was a major milestone for Belmont where, because of the desert conditions in the region, water is of major importance to any potential mining operation. The Clayton Valley Basin for instance is overappropriated (current water rights are in excess of water volumes available for an average year) and obtaining water rights for proposed operations is a hurdle that several companies in the Clayton Valley Basin have yet to overcome, even in their advanced stage of development.

Cypress Development (TSV:CYP) recently paid $3,000,000 for a water permit in Clayton Valley (Cypress NR) which allows for the beneficial use of 1,770 acre/feet of water annually for mining, milling and domestic use.


just think for a second here if $cyp paid 3million USD for thier water permit we are 2x the size of that! 

our water permit alone is worth 5million USD as the water levels keep dropping its harder to get!!! IMO the permit is worth more then the entire cap of the company

Comment by 30yrsotst on Jun 19, 2022 12:56pm
You do realize MRQ is earning an 80% interest leaving BEA with a 20% NON carried. Right?
Comment by JefferySkillng on Jun 19, 2022 1:28pm
On one propety? What about the other 4 properties 100% interest in kibby
Comment by 30yrsotst on Jun 19, 2022 2:12pm
Wrong! Ya might want to do a little more due dilly. But hey we would love ya to buy the  out of it tomorrow. Join the team big boy.
Comment by JefferySkillng on Jun 19, 2022 2:48pm
lol ok fine! I'll join ya Monday 
Comment by JefferySkillng on Jun 19, 2022 1:31pm
Did the option agreement on 1 of 5 properties include 80% of their water rights? The agreement does NOT mention water rights please advise
Comment by JefferySkillng on Jun 19, 2022 1:33pm
With the Action Friday I'm trying to decide if  I become a big buyer next week, the lithuim properties I'm very interested in and also the impending gold results 
Comment by LithiumBoy on Jun 19, 2022 1:49pm
Who cares about the water rights!?! The fact is they got the water permits for any and ALL exploration 
Belmont Resources Inc