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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 tndlon Jul 01, 2021 6:31pm
129 Views
Post# 33480239

RE:Napkin Math for Fun

RE:Napkin Math for FunAll of that looks good and is certainly based on as noted pretty modest estimates of the price of gold. If gold goes to $1,900 per ounce, it becomes 89 million dollars before-tax profit. If it goes to $2,000 an ounce, it becomes 100 million dollars pretax profit. I don't personally see any flaws with your calculations. As follow up for discussion, if they get permitting promptly this fall, is it possible they could get harvesting this war before next summer? Would they be able to work over the winter? Also, what do we think they would do with the 68 million dollars? Or 89 million or 100 million? Would they plow it back into the company and go crazy with exploring their vast land package, issue a special dividend, or combination? Thoughts? Thanks for stimulating the discussion.
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