Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Wallbridge Mining Co Ltd. T.WM

Alternate Symbol(s):  WLBMF

Wallbridge Mining Company Limited is a Canada-based company, which is focused on exploration and sustainable development of gold projects. The Company’s flagship project, Fenelon Gold (Fenelon), is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. The Company’s Martiniere project is located approximately 110 kilometers (km) west of the town of Matagami and 150 km north of Amos, Quebec, Canada. The Company’s Beschefer project covers 6.47 square kilometers (km2) and is located 28 km southwest of the Fenelon Gold project. The Company also holds a 19.9% interest in the Archer Exploration Corp. (Archer). Archer holds a portfolio of nickel assets in Ontario and Quebec.


TSX:WM - Post by User

Bullboard Posts
Comment by Riot613on Mar 12, 2019 10:46pm
147 Views
Post# 29476557

RE:re sprott

RE:re sprottI dont think that is something you have to worry about IMHO and here's why. 

1. If sprott was using these accumulated shares to strongarm a sale it would most likely to KL. 

2. KL already has 4 producing mines (5 if cosmo can produce anymore) and 2 of those mines last year together produced just shy of 600,000 ounces. So if they were going to pony up I would highly assume it would be for something that would produce in the 6 figure ounce mark.

3. WM is still proving grades at Fenelon (looks extremely hopeful) and has yet to really give us much on Beschefer. I assume KL would have a responsibility to shareholders (if they were to purchase WM) to ensure the company was highly profitable, and sitting on a bunch of high grade ore.

4. If and when WM gets to that point it will definitely be worth more than 1$/share. Though it will take some time.  (remember their 5 year plan was to get to 100k ounces/year). 

I know I'm assuming KL if there were to be a buyout but to me its the only company that would make sense if Eric Sprott was involved. Anyhow thats just my 2 cents.
Bullboard Posts