Topic: How To Invest

I would like your opinion on Balmoral Resources. Thank you.

Article Excerpt

Balmoral Resources, $1.17, symbol BAR on Toronto (Shares outstanding: 77.8 million; Market cap: $91.0 million; www.balmoralresources.com), has assembled a large land position in the Abitibi region in Quebec and now controls over 82 kilometres of the Sunday/Detour Lake zone. This area hosts the Detour Gold deposit, which could hold as much as 32 million ounces. Detour Gold Corp., symbol DCG on Toronto, is now building a mine at that deposit. This project will become Canada’s largest gold mine. Balmoral has found promising gold showings in its exploration program, which began in early 2011. These include high-grade intercepts in drilling on the Martiniere prospect. The company holds cash of about $18 million, which is enough for at least two years of exploration. Balmoral also has a proven management team: prior to their involvement with the company, they ran West Timmins Mining, which assembled a large land position in the West Timmins region of the Abitibi and discovered the now-producing Thunder Creek…