Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Gold

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.

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Wallbridge Mining Company Ltd

Bullboard Posts

Comment by goldhunter11on Nov 29, 2019 10:03am

69 Views

Post# 30405248

RE:RE:RE:RE:Abcourt

mepatriot,
The most valuable piece of ABI is the Sleeping Giant Mill which seems to operate fine in the range 700-1000 tonnes per day (your limit). They seems to make some money proceesing the ore from Elder (some 300km away). So, for WM it's the Mill that has the strategic value since it's about 100km from Fenelon (instead of 300km to Camflo).

An option to have a TO of ABI is an offer that the CEO (owns 17% of OS?) who is in the 70s could not refuse. Or, just launch a hostile TO.

Apparently (petersburggray) there was some surprise undisclosed CapEx that prevented the company from doing additional drilling to explore further the potential at Elder.

Also, management seems to be reluctant to disclose much information including some good discovery at the Elder Mines. See for example the NR of 25 NOvember 2019: A one liner for vein 9-1-5 (no picture). If they want to promote the company, they should try to get someone who can write a comprehensive NR.
GH11
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mepatriot wrote:

TomJones wrote:

mepatriot wrote:

RevT79 wrote: In my opinion wm should buy abcourt!
they are really close to them have a mill and trade at .07.
not sure how many share they have but it would be cheaper and faster than building a mill.
and they would save the rice of roll mining with monarque.
just my opinion .

Couple things first...

1- Let's get a few million in the bank by the current mine plan first so we get no dilution.

2- Isn't this Abcourt Mill mothballed? No telling (if so) how hard is will be to get it running again and to assemble the needed expertise.

Yeah, really a great idea. But its mine, not yours :).

The mill is operating as we speak. Ore from their Elder mine. They also have a silver /zinc mine on standby and are looking at the possibility of restarting the Sleeping Giant mine which is on the same property as the mill, just north of Amos. They make money and the mill is closer than Monarque's. As I mentioned before. I think the capacity is actually over 1000 tpd.

TJ

ok...thanks. I'd still rather wait until we could pay cash.