RE:RE:RE:Cashgoldhunter11 wrote: $45.8M is quite a bit of cash. They can do both Fenelon area 51, 50 and 52...and then produce the RE for Fenelon, and update Martiniere/Bug Lake Technical Report.
If they want to speed up the process WM could option Martiniere/Bug Lake to a major (like KL) so KL could move in haft a dozen drills making Swiss cheese out of this west end property, leading to a Feasibility Study.
Actually, KL does not even need to have a FS, but they may want to do it anyway to show to their own shareholders that they have a good basis for a take-over of WM (KL already has an insider, Tony M., at WM BoD).
From info available in the current Technical Report, there is a good chance for showing that Martiniere/Bug Lake is economically viable. With further development this area could be shown to have an RE > 1Moz, and the distance to the Detour mill is less than 20km. This is easy trucking distance. They could even consider other transportation methods...slurry pipeline, ore conveyor belt?
GH11
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YetAnother1 wrote: MandalorianFett wrote: WALLBRIDGE MINING COMPANY LIMITED Condensed Interim Statements of Financial Position (expressed in Canadian Dollars) (Unaudited) Note March 31, 2020 December 31, 2019 Assets Current assets: Cash and cash equivalents $ 45,870,478
Just in case Dutch missed it.
Possible. the Goldex mine in Val d'or Quebec has a slurry pipeline thats gotta be at least 15 km long. Conveyors are too expensive on upkeep. And if they put in a pipeline they gotta put in a road to put in the pipe. So trucking is always an option, but the cheapest might be a slurry line. I suppose I could give them a special rate to haul it in the trunk of my taxi also.
Boba