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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

Comment by Chaulkduston Aug 12, 2019 10:21am
113 Views
Post# 30017671

RE:Napkin math Resource Estimate

RE:Napkin math Resource Estimate “Jefe”, someone else also said one bad RE and the stock can drop 75%. This is very true and I have unfortunately been on the receiving end of this type of scenario.  So, best to wait for WM’s RE in 2020 2nd Qtr and put away the napikin calcs. Don’t want to build investor expectations to unfounded levels which will not be obtained.  Not all drill holes will be good and some of the good ones won’t fit in the maiden RE because there are not enough holes to justify inclusion. I’d actually prefer to see WM delay the RE a bit if needed to boost the initial ounce count that gets released. This 1st release will be critical. Looks like we have a solid play moving forward so let’s see how it in fact plays out.

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