RE:RE:RE:Sprott is pretty excited about Wallbridge MiningIt would probably take at least $250M US or more with ES as a major shareholder to take it all out.
What about taking out Balmoral (BAR) as well at the same time. BAR has the adjoining property which might be an extension of the WM orebody.
Could merge the 2 companies then form a subsiduary run by combined existing management with KL as the majority shareholder.
That might cost less if KL retained say 51%+ of the new company and left a minority stake plus cash for the current owners of each of WM and BAR. Everybody happy then and KL then gets to add another potential mine nearby in Canada. If they did this I think the market would see it as posotive after a short while especially if reserves are proven up to be mineable at current prices. It would tend to derisk the 2 junior companies as they would then have easier access to more development capital as KL grows its cash balance so if WM-BAR proves to be a success they can skip a large part of the financing hurdle that they would have on their own.