RE:i like, could be $0.30 plus tomorrow Well, would seem like you are close for the bulk sample estimate. The closest we get for an estimate is from todays news release :
Wallbridge is currently conducting an underground bulk sample program expected to produce approximately 20,000 ounces of gold from 35,000 tonnes. The bulk sample program is designed to mine selected stopes in several zones, across six levels. Wallbridge also reports that the cash flow from its bulk sample program will fund a 10,000-metre underground and surface drill program. I guess Ely Gold Royalties really wanted to get into the Wallbridge play , so bought the Net Smelter Royalty from Balmoral :
Trey Wasser, President and CEO of Ely Gold commented on theTransaction,"We are very pleased to add another quality asset to our growing royalty portfolio.The Fenelon Property is demonstrating excellent grades in minable intercepts and the project operator has indicated its belief that there source has significant potential for increased resources.We look forward to delivering more news on the high-profile Fenelon Property Royalty in the near future." rexrex wrote: i like the way this is trading today..on a down day this is holding steady...no one is selling..
i won't be surprised if it whizzez past 0.30 tomorrow or day after...the market is going to turn green and then all the buyers will pile back in to WM.
what i like is that...no one wants to sell...
why would they...
The bulk sample is expected to produce 19,000 to 26,000 ounces of gold with close to 50% of gold priced at C$1,720 per ounce.
so.... an ultra conservative simple math = 19,000 X $860 (half of current gold price) = $16,340,000 from the bulk sample, MINIMUM
plus .... - 18-0990-009: 242.00 g/t gold over 0.49 metres in the Paprika zone
- 18-0990-013: 24.30 g/t gold over 6.37 metres in the Habanero zone
- 18-0990-017: 98.90 g/t gold over 2.71 metres in the Habanero zone,
134.57 g/t gold over 1.70 metres and
11.23 g/t gold over 3.90 metres in the Paprika zone