Wallbridge Mining Company Ltd T.WM

Great interview on Crux

[petersburggray]

Investor with CEO of ELY, Trey Wasser. At about 33min mark is a deep dive discussion into Fenelon maiden resource estimate which is better than anything put out by WM to date imo. Wasser say based on PR from WM last Sept that gave grade and dimensions of gold deposit back of napkin math has market expecting 2-3 mm oz high grade gold in maiden resource estimate. Also Wasser give better explaination of why WM not pursue 500tpd small mine permit. Because the 20m to 30m widths of high grade gold in Fenelon deposit run almost vertical, tabasco cannot be drilled from surface...too expensive and difficult to control very long drilling from surface so Tabasco (wasser jokingly said to drill tabasco from surface WM will need to position drill rig in ontario) so tabasco need to be drilled from underground stations with 100m to 150m drill core lengths. WM developing 6 new deeper levels at Fenelon below 6 levels already developed to do this drilling. This mine development considered exploration since there is no production and can be done easier under current permit than getting new permit for 500tpd small mine. In recent interview Marz Kord mentioned that Quebec has 30% refundable credit for exploration so perhaps since mine development done under exploration permit Quebec taxpayer will fund 30% of mine development cost for developing levels 7 through 12 at Fenelon. This mine development may also result in an ore stockpile that can then be run thru mill once Fenelon fully permitted for 1500 to 2000tpd underground operation in 2025 per ELY timeline.

[tndl]

Thanks for an excellent contribution!

[uograd]

wow that wesser is a genius. expecting high grade zone to be 2-3 million ounces. only a 50% delta guess from an expert which only changes the value of wallbridge by plus or minus 50 per cent. what a flucking idiot.  Show some balls.  Is the resource 2 million?  Is it 3 miillion?  Pick a number using science not sticking your aff in the air.

[YetAnother1]

Perhaps ELY lawyers have told him to settle down on the WM guidance he has given in the past.