Brien Lundin, in the October, 2016, edition of the Gold Newsletter, refreshes his buy of Balmoral Resources Ltd., recently $1.14. Mr. Lundin said buy three times from July, 2014, to July, 2016, at prices ranging from 87 cents to $1.54. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $3,155. Mr. Lundin is enjoying the stream of drill results from Balmoral's Martiniere gold property in Quebec. Recent highlights from the Bug South target include 18.26 metres of 5.41 grams per tonne gold, 3.64 metres of 22.2 g/t gold, 10.75 metres of 4.17 g/t gold and 2.83 metres of 8.79 g/t gold. Such results indicate to Mr. Lundin that Bug South could join Bug North and Martiniere West on the list of significant gold deposits on the property. All three deposits are wide open for expansion and Balmoral is continuing to drill. Mr. Lundin notes that the stock has edged down in recent weeks, but he is not worried. He says investors should view the dip as an "ideal entry point" to build or add to a position.