Welcome to the Balmoral Resources Hub On AGORACOM
Click "edit fast facts" to make changes
Message: Larentian research - $0.75 target
Laurentian bank Securities comments on Balmoral Resources
According to Laurentian Bank Securities:
https://docdro.id/fthyboN
Balmoral Resources Ltd.
(BAR-T – $0.18)
BUY – Target: $0.75
February 6, 2019
Grasset Nickel Resource Goes Deeper
Event
Release of exploration holes on the Grasset nickel resource
Impact
Positive. Confirmation the Grasset nickel resource continues to depth.
Analysis
• BAR released results of eight (8) holes drilled on the Grasset nickel-copper-cobalt resource (a massive sulphide deposit) previously discovered by BAR which illustrated further continuity of the resource to depth, some 100 metres lower than previously known (~625 metres below surface – Exhibit 1).
• We continue to believe BAR are some of the best early stage explorers in Canada, but owning the stock is high risk and speculative. We remain a BUY with a $0.75 target price, and our target price is based on the indicated market value of in-situ resources for a peer group of companies, and our belief that BAR have discovered a significant gold resource of ~1.0 Moz at its Martiniere property, in addition to a significant nickel resource on the Grasset property.
https://docdro.id/fthyboN
Balmoral Resources Ltd.
(BAR-T – $0.18)
BUY – Target: $0.75
February 6, 2019
Grasset Nickel Resource Goes Deeper
Event
Release of exploration holes on the Grasset nickel resource
Impact
Positive. Confirmation the Grasset nickel resource continues to depth.
Analysis
• BAR released results of eight (8) holes drilled on the Grasset nickel-copper-cobalt resource (a massive sulphide deposit) previously discovered by BAR which illustrated further continuity of the resource to depth, some 100 metres lower than previously known (~625 metres below surface – Exhibit 1).
• We continue to believe BAR are some of the best early stage explorers in Canada, but owning the stock is high risk and speculative. We remain a BUY with a $0.75 target price, and our target price is based on the indicated market value of in-situ resources for a peer group of companies, and our belief that BAR have discovered a significant gold resource of ~1.0 Moz at its Martiniere property, in addition to a significant nickel resource on the Grasset property.
Read more at https://stockhouse.com/companies/bullboard/t.bar/balmoral-resources-ltd?postid=29358330#uGHMh13C8V7q1g0K.99
1 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply