Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Gold

Wallbridge Mining Company Limited is a Canada-based company, which is engaged in the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Quebec's Northern Abitibi region. The Company is focused on advancing its 100% owned Fenelon project and Martiniere project. The projects are situated within the Company's approximately 830 square kilometer (km2) Detour-Fenelon Gold Trend Property located in the Nord-du-Quebec administrative region approximately 75 kilometers (km) west-northwest of the town of Matagami, in the province of Quebec, Canada. Its Detour-Fenelon Gold Trend projects include Casault, Detour East, Grasset Gold, Harri and Doigt. The Company owns a 100% interest in the Nantel property. Its other gold assets include Hwy 810, Beschefer and N2 Property. The Grasset gold property is located immediately east of and adjoins the Fenelon property. The Company also holds approximately 15.8% interest in the common shares of NorthX Nickel Corp.

TSX:WM - Post by User

Wallbridge Mining Company Ltd

Bullboard Posts

Post by yoda2on Mar 13, 2014 1:05pm

134 Views

Post# 22318666

WM to Buy more DM?

WM now confronts the dilemma of buying more shares in DM or not. Buying seems to be an attractive opportunity. See:

https://www.newswire.ca/en/story/1321595/duluth-metals-announces-pricing-of-private-placement

Does WM have the finances to exercise this right?

Also, the big decline in DM's market value will likely force WM to take a write down on their profit and loss statement due to the older/higher carrying value of their large investment in DM.

Bullboard Posts

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide