Balmoral Resources Ltd.

Balmoral Resources Ltd. is a Vancouver-based precious metal exploration and development company focused on the delineation of both high-grade gold and nickel-copper-PGE discoveries on its wholly owned Detour Gold Trend project in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade gold and base metal assets.

Expert Comments:

Philip Ker, PI Financial (10/17/16)
"We are impressed with the project developments across Martiniere and highlight that Balmoral Resources Ltd. continues to discover additional gold occurrences across its property. . .we note that no formal resource estimate exists on its gold projects and expect the company to continue to delineate the Bug Lake project with infill and extensional drill efforts. . .given Balmoral’s multiple moving parts, we are maintaining our NEUTRAL rating and our $1.05/sh target price. . .our target is based on a 1.0x NAV based on our valuation for Grasset and Martiniere deposits. Shares of Balmoral have a SPECULATIVE risk rating."

Brien Lundin, Gold Newsletter (Jefferson Financial) (10/1/16)
"Balmoral Resources Inc.'s Bug South is capable of becoming a significant gold deposit to go along with the ones already outlined on Bug North and Martiniere West. . .with all three deposits identified to date on this property wide open for expansion, the growth potential via the drill bit is significant at Martiniere. . .the company is moving forward with drilling of Bug South along strike and at depth. . .given the upside here, I think the recent dip in Balmoral’s share price makes for an ideal entry point to either build or add to your position."

Byron King, Gold Speculator (9/20/16)
"Balmoral Resources Ltd. is an attractive joint venture or takeover target for larger companies that must — sooner or later — add to their resource base. Maintain buy on BALMF, up to $1.10 per share."

Balmoral Resources has announced a "rapid increase in the width of the Bug South gold deposit," leading one analyst following the Canadian exploration and development company to increase his target price.
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Barry Allan, Mackie Research Capital (9/7/16)
"We are of the opinion that Balmoral Resources Ltd. represents one of the best exploration companies in Canada. Not only has a major new nickel resource been confirmed by an initial resource, but BAR is also getting excellent gold results from the Bug Lake South gold discovery where recent drilling continues to highlight good mineral potential. . .All seven holes intersected gold, and represent a major increase in the area of mineralization. . .Overall, we judge that current drilling has identified ~200K ounces of additional gold material grading ~ 2 g/t. . .causing us to increase the target price to $1.50. . .We maintain our SPECULATIVE BUY rating.”

Philip Ker, PI Financial (9/7/16)
"Balmoral Resources Ltd. announced positive exploration news from its efforts at the Bug South Gold Deposit on their Martiniere property in Quebec. . .this batch of assay results include significant step-out holes testing down plunge extensions of mineralization in the Upper Bug Zone. Wide intervals of gold mineralization encountered at Bug South adds another near surface deposit and expands the potential across the Martiniere property. . .We are impressed with the project developments across Martiniere and highlight that by adding yet another significant gold occurrence, Balmoral now has increasing options and targets to spread their efforts across."

Thom Calandra, The Calandra Report (9/1/16)
"I might pick up some Balmoral Resources Ltd. . .A lot of drilling data next week, I imagine, from a company that fortunately had cash in the bank to continuing working its Detour Trend gold project in Québec and a joint venture gold dig in Ontario. . .Recoveries at the Ontario project, announced earlier in the week, look fine. . .Balmoral also has nickel, platinum group metals in its Canada holdings."

More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Thom Calandra, writer The Calandra Report
Mick Carew, Analyst – Haywood Securities
Ryan Hanley – Mackie Research Capital
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Byron King, Editor – Agora Financial
Eric Lemieux, Analyst – PearTree Securities
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Greg McCoach, Editor – Mining Speculator
Gwen Preston, Founder Resource Maven

The information provided above is from analysts, newsletters, the company and other contributors.

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