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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 focused on exploration and sustainable development of gold projects. The Company’s flagship project, Fenelon Gold (Fenelon), is located on the highly prospective Detour-Fenelon Gold Trend Property in Quebec’s Northern Abitibi region. The Company’s Martiniere project is located approximately 110 kilometers (km) west of the town of Matagami and 150 km north of Amos, Quebec, Canada. The Company’s Beschefer project covers 6.47 square kilometers (km2) and is located 28 km southwest of the Fenelon Gold project. The Company also holds a 19.9% interest in the Archer Exploration Corp. (Archer). Archer holds a portfolio of nickel assets in Ontario and Quebec.


TSX:WM - Post by User

Comment by MandalorianFetton May 13, 2020 2:28pm
92 Views
Post# 31023652

RE:RE:RE:Cash

RE:RE:RE:Cash
goldhunter11 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
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