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Bullboard - Stock Discussion Forum 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... see more

TSX:WM - Post Discussion

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Post by mercedesman on Feb 22, 2022 4:32pm

Russia...

responsible for 7% of the worlds mined Nickel.

Sanctions coming.

Maybe WM should accelerate Grasset with Nickel now at $ 11.40 !!


Perhaps not...Gold could accelerate a lot more quickly in the meantime (as an inflation and a geo-political tensions hedge).

The $ 70 Million exploration budget, now secured, and to be spent in 2022, should grow the Gold Resource considerably....combined with a rising PoG in 2022....means investors win two differenct ways (3 if you count the soon to be soaring cost of Nickel)

MM
Comment by Flopticalcube on Feb 22, 2022 4:44pm
Grasset is still too small to be worth mining. The $70M will likely add another 2m ozs in gold. With another 7m shorts added in the last month, its going to be a slow grind up.
Comment by mercedesman on Feb 22, 2022 5:13pm
I'll take 6 to 8 m oz of gold by end of 2022. Don't care if it's a slow grind, as long as it's up.  Frequent drilling results, and PoG popping should  help tthe cause. I get that the Ni is longer term....but it's at least some icing on the cake, to deter someone from only making an offer on the Au in the ground  (unless the assets are eventually split). The ...more  
Comment by Flopticalcube on Feb 22, 2022 5:34pm
There were no warrants with this financing and relatively very few outstanding from previous.
Comment by BucccaneerIL on Feb 22, 2022 7:16pm
This post has been removed in accordance with Community Policy
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