BMB 0.00% 2.5¢ balamara resources limited

focus on one single large asset, page-13

  1. 1,854 Posts.
    Spot on DC.

    Seems that some have misunderstood the purpose of our last drilling program at Bogdan.

    As announced in every update, the first drilling program was very succesful in identifying the extension of KGHM's mineralisation into our tenement.

    Not sure if I have mentioned this before but couple months ago I had a chat with a friend who is a chairman of a large base metal producing mine who confirmed that the most important thing is to first confirm that the mineralisation extends into our tenement. He said don't worry about the grades at this stage. A saparate drilling program will take care of that.
    Pretty spot on with what our management is doing.

    As for Emma's comment re possible another major company making project the answer might lie in this statement in today's announcement:

    "Balamara is ideally placed with a solid mix of existing assets in Central Europe that have the
    potential to develop into large and profitable mining ventures in the medium term, together
    with at least one significant opportunity to introduce a large company-making asset in the
    near future.


    All the best.
 
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