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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 Stockpicks96on Apr 21, 2024 9:39pm
62 Views
Post# 36000586

RE:Red Pine acquisition

RE:Red Pine acquisition Fred my man. You posted a link to hedgeless horsemans wonderful speech on unloved beta plays in the junior sector. I agree wallbridge would tend to fall into this category as well. My issue with this board is some of the ludicrous share prices several individuals have been calling for. Expect a premium on a takeover here, but don't be disappointed when it's no where near $1 per share. Now in the case of redpine, I would argue that Barrick or Alamos OR Wesdome could takeover the project and very soon. Last year, Alamos took over Manitou gold in the same camp. This year, Alamos took over redpines neighbour, argonaut gold to create what will likey become Canada's highest grade producing gold mine. Consolidation in the gold camp is happening. Wesdome mines to the west of the Wawa Gold project just discovered significant mineralization getting closer to Redpines staked ground. Guess who is in the middle of this entire gold camp, and I mean quite literally in the middle... Redpine. Their historical resource was around 6 g/t average grade (much higher than fenelon/marts grades). The resource they put out later this year is targeting 3-4x resource growth from the original MRE. Thus will open a ton of eyes to the Wawa Gold project when it's all said and done. Listen to what HHorseman has to say, he can sum it up a lot better than I.
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