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 > Will WM spin out base metals as promised ?

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Comment by YetAnother1on Dec 10, 2020 4:33pm

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Post# 32081749

RE:Will WM spin out base metals as promised ?

Goodtoreadthis1 wrote: My memory tells me that CEO Kord promised to spin out it's base metals properties to existing shareholders bythe end of this calendar year. This has not happened yet and given that CU is trading at $3.5 US per lb and NI is at $7.75 /lb area, it would be of great economic benefit to WM shareholders if WM made good on it's promise.

This is a fine stock with solid resource and it's value is enhanced by such a spin out, so I wonder when and if a spin out will happen.

I am unclear on the benefit of spinning out a segment that was worth ~$0.003 before Fenelon.

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