Wallbridge Mining Co Ltd. T.WM

Valuation

[eview21]

Sprott uses $150/ounce as a guide for buy-outs of juniors.  In WM case
we have M&I of 4.393 ounces for the two properties .  Martiniere - 799.9 oz and Fenelon
has 3.593 oz .  So, 4,393 @ $150 US = $658.95 million - dilvided by #817 million 
shares that are outstanding gives a value of $.80 US or $1.02 CDN.  If we take Fenelon by  itself we get a value of $.82 CDN.  

2022 Work Program Description Budget

Fenelon Resource drilling within the open pit shell defined in 2021 35,000 metres $11.5M

Fenelon Resource expansion and exploration drilling 80,000 metres $26.5M

Martiniere Resource expansion and exploration drilling 40,000 metres $13.5M

Regional exploration Exploration drilling, Geophysics etc. 12,000 metres $6.0M

Studies, capital expenditures & underground maintenance $12.5M

Total $70.0M

 

At the end of 2021, it has $40 million in cash, will receive $10 million refundable tax credit from
Quebec government and raise more from other sources.

At this price of $.375, the stock is a steal.

[VillainVapes]

This post has been removed in accordance with Community Policy

[eview21]

That is the dumbest relply on this board.  Get a life!!

[VillainVapes]

This post has been removed in accordance with Community Policy

[Jetboy1]

Wahoo .80 cents what a joke,Ive waited for this long for that so called "evaluation"  JB

[Flopticalcube]

Only on current resource. They will likely add another 2m ozs (US$300m in added value) by the end of 2022.

[Currower]

Villain Vapes is Bucky multi alias a paid basher. I agree it's a steal. GLTAL Real investors except KL disappearing into Agnico

[Flopticalcube]

Grasset has nearly 1m M&I in AuEq nickel.

[tndl]

Thanks for taking the time to make a thoughtful contribution to the site.  Others may or may not agree with your estimates, but you've at least brought forward some thoughtful conversation. They as you know will have 8-10 drills going again this year, which could modify your calculations.  It would seem pretty obvious the resource is going to grow.  Any thoughts about how much

[Paray99]

ALL DEPENDS ON WHO IS PLANNING TO BUY THIS OUT. If KL is in line, as I suspect, the manipulators aim is to pull this stock price low as much possible to screw up retail investors. Canadian mining sector don't care about retail investors... Show me an example otherwise. Consider most of these companies as pure financial company trying to pool public money into their executive pockets! sorry

[Flopticalcube]

"Show me an example otherwise." GBR?