RE:RE:RE:Wallbridge News todayYetAnother1 wrote: lccommoner wrote: If Wallbridge wants to see SP appreciation, it needs to "reconsider" starting up mining the already developed Main Gabbro Zone! Unfortunately, Wallbridge currently does not have any good mill options. The previously used Camflo mill is not operating. Abcourt Mines is the logical choice since it is only ~110 km away. However, Mr. Hinse, the 93 year old CEO of Abcourt, apparently does not want to mill the Fenelon ore. Abcourt has ~300 tpd extra capacity using the Sleeping Giant (SG) 750 tpd mill. (Note: It is highly unlikely Mr. Hinse will ever use the full capacity of the SG mill mining ore from the Elder and SG mines.) If Wallbridge only mined 300 tpd, 355 days per year, at ~14 g/t, using a conservative $1000 oz margin, they would generate a lot of cash. Just do the math. (Wallbridge can then stop the continual dilution.)
Mr. Hinse/Abcourt could use the mill revenue to "greatly" further their exploration. Everyone benefits. With this joint operation, both Wallbridge and Abcourt would experience significant share price appreciation. This is very obvious!
LC
My guess is,
Someone around here will comment on this the same way he always does,
Fc? He doesnt know his arsehole from his piehole:)
Abi was halted on Friday for a spell. Explosives permit rec'd for SG underground. So hes using cash flow from Elder to start mining at SG is my guess. I wouldnt be sure about excess capacity.
R