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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 pepperinoon Nov 07, 2023 11:32am
100 Views
Post# 35721572

RE:RE:RE:RE:NO PRIVATE PLACEMENTS FOR AT LEAST

RE:RE:RE:RE:NO PRIVATE PLACEMENTS FOR AT LEASTWe are all speculating on here, and your 25 cent per share may turn out to be true.   However, I think that's low.   Here's why:  It's difficult to find data that breaks down price per ounce in the ground for Juniors.   I can't find 2022 stats, so I will use 2021 stat of price paid for gold in reserves @ $56.70 (average of 13 juniors aquired in 2021).  I don't have a break down of the global location of these juniors, so take it with a grain of salt.  Let's round to 5 million ounces in resources (for now) @ $56.70 per ounce = $283,500,000 / (fully-diluted) 1,050,900,000 shares = $26.97 a share.   However, the fact the Wallbridge property is next door to Agnico's Detour, and the probability of more undiscovered gold on the large proiperty, probably makes it likely Agnico would pay a premium on a buyout.  I'd say $80 - $100 an ounce.   Which makes a buyout close to 40-50 cents a share in Canadian dollars.   

That's my guess.   Let me know your thougth and constructive critisism.
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