Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Industrial Metals & Minerals

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

Comment by jicoopon Oct 10, 2018 2:35pm

109 Views

Post# 28775079

RE:RE:RE:Today's news

Thanks andrew once again for keeping it real. I keep noticing more and more newbies showing up on these boards spewing wild valuations. 50 cents, 80 cents, over a buck soon. Yeah right. Reminder lesson from a long time Wally holder, straight from Wally website :

SHARE STRUCTURE as at September 28, 2018
Issued & Outstanding 367.2M
Omnibus Share Based Compensation Plan and Stock Options 16.5M
Warrants 65.6 M
Fully Diluted 449.3M
Share Price September 28, 2018 $0.22

Andrewgp wrote:

whosebid wrote: Hart Gold hasn't shown anywhere near the grades and lengths of what Wallbridge has been pulling out of the ground. However, Hart has stated an indicated resiurce estimate of 714,000 oz which is a billion dollars worth at current prices. Yet they are sitting at .42. With over 500 million shares issued that is definitely one of the problems. Unless I am missing something else. Of course gold has been struggling to turn around for a number of years now without success.

Just because they are indicating that there is a billion dollars worth of gold under then, does not mean the company should be valued at a billion dollars. Has Harte done a bulk sample? Do they have an operating mine? Are they actually pulling revenue out of the ground? Until then, the stock is not worth what the estimated reserves are. I am not sure where people get the idea that that is how junior miners get the valuation of their companies.