Stockchase Opinions

Rick RuleBalmoral ResourcesBAR.TOHOLDMar 02, 2020

Wallbridge Mining to buy Balmoral It depends on your timeframe--some will take the premium in Balmoral and grab the profit. He expects in two years that the deal will benefit shareholders with lower costs. The Abitibi is a great gold district. If he owned this, he'd hang onto it.
$0.31

Stock price when the opinion was issued

$0.80

As of May 26, 2020. Market Open.

Mining
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COMMENT

A very small gold explorer. Probably the best claim to fame is that its project is located near the Detour Gold (DGC-T) project near the west detour part of that project. A very prospective camp. Still early stage. He likes the management team.

RISKY

Great speculative investment.

HOLD

Not for the faint of heart. It is a discovery stock. Believes they have done a very good job of geology, and he is attracted to both exploration projects. Stock’s had quite a run, which he thinks is probably deserved.

WATCH

An exploration stock in which he would expect stock to go lower if he got good production news. Buy it then.

HOLD
Picked up a large land package in Ontario and Québec. Conceptually picked up on trend large deposits of Detour (DGC-T) and looking to replicate the same success.