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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

Comment by tndlon Jul 01, 2021 6:31pm
107 Views
Post# 33480239

RE:Napkin Math for Fun

RE:Napkin Math for FunAll of that looks good and is certainly based on as noted pretty modest estimates of the price of gold. If gold goes to $1,900 per ounce, it becomes 89 million dollars before-tax profit. If it goes to $2,000 an ounce, it becomes 100 million dollars pretax profit. I don't personally see any flaws with your calculations. As follow up for discussion, if they get permitting promptly this fall, is it possible they could get harvesting this war before next summer? Would they be able to work over the winter? Also, what do we think they would do with the 68 million dollars? Or 89 million or 100 million? Would they plow it back into the company and go crazy with exploring their vast land package, issue a special dividend, or combination? Thoughts? Thanks for stimulating the discussion.
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