Wallbridge Mining Company Ltd T.WM

Alternate Symbol(s): WLBMF

Metals & Mining Industrial Metals & Minerals

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.

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Wallbridge Mining Company Ltd

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Comment by RustyRelicon Oct 19, 2020 1:41pm

173 Views

Post# 31741925

RE:RE:RE:RE:RE:Wallbridge News today

YetAnother1 wrote:

RustyRelic wrote:

YetAnother1 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

Well.
That is a different answer than usual.