Taking it to the streets. Stockhouse.com: Taking it to the street
Balmoral Resources Ltd.  bar go to snapshot add to favorites
reply post non-threaded view
print report abuse
price a company without a resource?
astrorbit0
11/18/2012 10:08:47 PM | No Recommendation | 225 reads  | Post #31793813
 

Can one ascertain a result from the current drill results to define a resource estimate?

If the results are pointing to a "multimillion ounce" deposit of high grade why has there been no run up in the share price?

Current value of BAR is about 81 million.

n2 deposit has 775,000ounces.

At $100 an ounce is77.5million.

Cash is 14.6million.(19million working capital)

92million.

So,Martiniere/fenelon/grasset/northshore are not even in the equation.

Obviously Martiniere is the lead project so investor sentiment is pricing in that Martiniere only has about 500,000-1million ounces.

This is not my opinion but share price sentiment.

 
 
reply post non-threaded view
add to favorites
 
Company Showcase
 
View Sectors
 
 
 
Today's Feature  
View Now
 
Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the discovery, exploration and development of PGM and nickel-copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. The River Valley Project is one of North America's most advanced primary PGM deposits...