Special Meeting on Merger - 99.4% Approved
In case you have not seen the result. Here it is in link below.
https://www.balmoralresources.com/news/balmoral-securityholders-approve-arrangement-with-wallbridge-mining-company-limited
Welcome to WM at 0.71 conversion.
The combined entity WM/BAR will develop the Fenelon by further drilling (a lo more drilling) to bulk up the RE for this area 51, 52 and 50 (the last 2 are from BAR). My guess is that,
(a) they would want to start with some open pit option first, toward the west, since the Detour mill is on that side,
(b) they now have a nice chunk of RE from Martiniere/Bug Lake. The woud expand the current RE to something over 1Moz so that they could make use of the Detour Mill (Yes, I am suggesting KL would offer to take over WM soon enough (if the price is right for Uncle Eric). WM has to be mined by a major with a big scheme...Think big. Just forget about any pewny mill around the neighbourhood, anything around 500-750 tpd is not worth talking about. Take a look at Detour Lake just within 100km to the west. The mill there is in the 55,000 tpd expandable to 60,000 tpd easily. The head-grade is around 0.8gpt and they are making a lot of cash. They could upgrade the mill capacity and utilize the much higher grade at WM (even better with ore sorters) to blend up the head-grade at Detour mill.
GH11 (impatiently waiting for KL to make an offer for WM, lol)