08:34:02 EDT Sat 20 Apr 2024
Enter Symbol
or Name
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CA



Balmoral Resources Ltd
Symbol BAR
Shares Issued 110,381,521
Close 2015-09-29 C$ 0.49
Market Cap C$ 54,086,945
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Taylor refreshes Balmoral Resources buy

2015-09-29 22:09 ET - In the News

Jay Taylor, in the Sept. 16, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Balmoral Resources Ltd., recently 54 cents. Mr. Taylor said buy four times from Oct. 18, 2012, to July 16, 2015, at prices ranging from 34 cents to 94 cents. A $1,000 investment for each of the four buys is now worth $3,949. Mr. Taylor has high hopes for Balmoral's two advanced-stage properties in Quebec. At one, the Grasset nickel-copper-PGE (platinum group elements) project, recent drill results show that the high-grade mineral zone continues below the previously known mineralization and is open at depth in several directions. Mr. Taylor would not be surprised if the project soon starts to attract serious attention from majors. Balmoral's other advanced property is the Martiniere gold project, where the company has enjoyed "spectacular" drill results such as 44.4 metres of 19.5 grams per tonne gold. Balmoral's president, Darin Wagner, told Mr. Taylor during a recent interview to expect an initial resource estimate on Martiniere in or around the first quarter of 2016. Mr. Taylor is looking forward to it. He predicts that Balmoral will be "one of the first moon shots among junior gold share stocks covered in this letter."

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