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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 Shylockreturnson Jun 16, 2020 2:42pm
252 Views
Post# 31156856

RE:Trading desks playing with share price

RE:Trading desks playing with share priceGoodtoreadthis1 -

You are exactly correct, sir.  This is how the 'game' is played by the snakes.

As for Tudor, the fact remains it is still in BC and I will venture that most of its shareholders do not know what happened to both Tech and Seabridge, among others.

WM may have a lot of shares but along with the downside of dilution there is the upside of liquidity.  When, not if, the rush occurs in the price of those shares the number will be of little consequence.  This is a function of time.

Did I say Tudor is in "green" British Columbia where getting anything actually mined is a miracle and a long shot?

How long has the KSM mine of Seabridge been sitting there?  After all these years, the project is still "proposed."  Read it for yourself:


KSM Mining ULC, subsidiary of Seabridge Gold INC., is the holder of the KSM Property. The KSM Project is a proposed gold/copper mine, located 65 kilometres northwest of the town of Stewart, B.C. KSM has completed the environmental assessment process and received approval from the Provincial and Federal governments, recognizing the KSM Project will not result in significant adverse effects. The company is now focusing on obtaining approximately 100 additional operating permits, strategic partnerships and financing prior to the start of construction.

https://ksmproject.com/

Did you note that "100 additional operating permits?"

Well, this is the likely fate of Tudor IMHO.

Location and domicile are every bit as critical to the success of a mine as share number, share price, resource estimate, management, etc.  This is a factor which will come to be increasingly recognized as governments, now really, really broke, get greedy for OPM.

To be forewarned is to be forearmed.

Thanks very much but I will stick with Wallbridge.
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