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Wallbridge Mining Company 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 BumblebeeRRon Nov 22, 2011 12:35pm
272 Views
Post# 19257766

RE: RE: BrOKEN Hammer Results Today

RE: RE: BrOKEN Hammer Results Today

Can't say I was at all impressed with the NR this morning.  I'm not bashing the numbers, which appear positive, but the release had almost no content.  Since the net expected proceeds from the bulk sample are on the new presentation, there was almost no point in this release; the only new piece of information was the net smelter return of $4M.  They talk about good recoveries and mention the company which performed the assay numbers, yet didn't post the actual recoveries or assay numbers.  Pretty disappointing. 

~

As for whether this will be a mine or not.  I agree with The Cardinal ... this will definitely be a mine.  That would be the only reason for hiring Marz Kord ... to bring the mine into full production ASAP.  If you ratio out what the company expects to net from the mining of the bulk sample, and compare it to the estimated size of Broken Hammer, from the 2005 NI 43-101, then you're looking at net value around 23.25 million (factoring in an assumed 7% increase in tonnage for the property as per the bulk sample blast holes).  That's about

.15 per share, on a fully-diluted basis.  The bulk sample, in my opinion, proves the mine is viable. 

~

BUMBLEBEE

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