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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

Post by AngelEyes3on Jul 16, 2020 1:16am
428 Views
Post# 31274302

What is happening to the share price

What is happening to the share priceOver the past two weeks the share price of Wallbridge has been moving down. Why? Well the current drilling results were still very positive. So why are the shares moving down. A few weeks ago I was listening to Sprotts friday show and he stated that the vaule of the company was approaching 1 billion dollars and that this might put a damper on the shares until the ore body was better defined with a resouce estimate. I also beleive we are going through the aquition and some individuals who owned the other company might be taking their money and leaving this play. I feel it is much to early to be existing this play just look at some others that have seen great price increases for exampe Great Bear Res. Now currently trading in hte 17 dollar range. Yet Wallbridge had a district play land package to work with. Very interesting play in my opinion
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