Wallbridge Mining – 2022 Exploration Recap at Fenelon and Martinière, Along With A Spinout Of Nickel Assets Into Archer Exploration
Marz Kord, President and CEO of Wallbridge Mining (TSX: WM – OTC: WLBMF), joins us to review the key exploration and development progress made in 2022 at their flagship Fenelon Project, and the Martinière Project, along the Detour-Fenelon trend, in Québec.
We recapped some of the reasons the maiden Mineral Resource Estimate released November 9, 2021 was not as well-received, and that company spent this year shifting focus to drilling deeper with a more intense focus on ounces per vertical meter, moving towards a higher grade bulk-mineable underground mining scenario. We have Marz outline that it has not been about growth of low grade ounces just for growth’s sake, but rather where there is opportunity to expand the high-grade resources, replacing low grade ounces, through more drilling at depth. The key upcoming milestones are this update to the resource estimate in Q1 2023, and then a PEA highlighting the higher-grade bulk-mineable underground mining economics, with support from several satellite open pits at surface.
We wrap up with the recent news from Nov 17th about the spinout of the Company’s nickel assets, that had not been getting any work for years, into Archer Exploration (CSE: RCHR), for an accretive transaction for shareholders. The transaction provided Wallbridge with 66,211,929 common shares of Archer with an aggregate deemed value of approximately $53.6 million (valued using the July 12, 2022, closing price of the Archer Shares), and includes retention of a 2% net smelter royalty on production from the Grasset project. Marz reiterated the company focus is on gold exploration and development along the Detour- Fenelon trend.
If you have any questions for Marz regarding Wallbridge Mining, then please email us at either Fleck@kereport.com or Shad@kereport.com
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The Chinese gov’t eased up a little yesterday on their lockdown policy and pumped some cash into the market. This following a number of angry street protests from folks who are fed up and can’t take anymore. The streets were instantaneously full of people escaping outside their apartments.
Jesse Felder on timing the market:
https://thefelderreport.com/2022/11/30/who-says-you-cant-time-the-market/
Wallbridge(WM) was one of those companies with some upper management folks not buying shares in the company.
I have been in the green quite a bit lately by the end of the day, green, green, it’s green they say! ✔ LOL! DT
Nicely done DT.
As the saying goes… “If you’re Green you grow, if your ripe you rot.”
Are you going to have a tax loss selling season panel to highlight the best opportunities in the resource space?
Should we submit some names for the tax loss selling list?
That would be a pretty long list, as the entire sector is almost down 50 to 80% from the highs.
Yeah, if you have any names that appear to be very good value then please share them.
Some already going up such as DMX , IPT and others you’ve mentioned already like KRR or IAU
We’ve asked about a dozen guests what they thought about tax law selling season this year.
For example in the interview with Jordan today he talked about which kind of stocks hes looking for after the capitulation selling is over, and the same thing with Dave Erfle the day before.
The bluff was called and as usual The Fed decided anything is better than a panic. If they keep tightening rates, you get deflation, if they loosen rates, you will see hyperinflation. The Fed is trapped! DT😉