Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s):  WLBMF

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

Post by actionguyon Feb 19, 2019 9:52am
146 Views
Post# 29381614

Wallbridge is awesome

Wallbridge is awesomeGreat discussion gang. Firstly, my comment that i wish it were that easy was in regards to a 2$ share price based on drilling hitting high grade to a depth of 500 meters. Continuing high grade to 500 meters does not take the share price to 2$.   Dont get me wrong,im not trying to sour the party. Im just dealing with what the company has announced most recently. (1)  Agree or not with the company,but they are out to acquire more land and to construct a central processing plant .   (2). Drilling programs at Fenelon and Beschefer.  Fenelon  is planning a 50,000- 75,000 meter program for 2019.  Thats quite a range, id rather the 75,000 meters.  Beschefer is banging off a 25,000- 35,000 meter program for a maiden resource at the end of 2019.  They are out to acquire more land.  Where is this $ going to come from to achieve that?   and the $ for a central processing plant?   Yes,currently at 465 million shares fully dilluted.  Thankfully,the bulk sample profits are expected to cover the costs of 2019 exploration.  But it doesnt cover the cost of land acquisitions nor the building of a central processing plant.  Like it or not,in 2 years,we will probly be in about 600-650 million shares outstanding fully dilluted.   I projected a .80 -1$ share price ,take into account that 3 weeks ago we were at .17    so from .17 to to 1$ in 12 months basically is 1 heck of a year .   
Bullboard Posts