22:37:09 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Balmoral Resources Ltd
Symbol BAR
Shares Issued 125,499,167
Close 2017-07-25 C$ 0.64
Market Cap C$ 80,319,467
Recent Sedar Documents

Lundin bumps Balmoral up to buy

2017-07-25 21:26 ET - In the News

Brien Lundin, in the July, 2017, edition of the Gold Newsletter, says buy Balmoral Resources Ltd., recently 68 cents. 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 $1,882. Balmoral is exploring its Martiniere gold project in Quebec. Recent highlights from drilling include 6.05 metres of 6.23 grams per tonne gold at the Bug Southeast zone, 21.06 metres of 2.85 g/t gold at the ME-23 zone and 22.15 metres of 2.04 g/t gold at the Horsefly zone. Mr. Lundin says Balmoral will need to conduct more drilling at Martiniere to really "move the needle," but he approves of the company's steady exploration results and mining-friendly district. He is taking the stock out of the hold category and making it a buy.

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