Wallbridge Mining Fenelon PEA: Better Luck Next Time
Wallbridge Mining (TSX: WM) has released an updated preliminary economic assessment for their flagship Fenelon Gold project.
The prior update, issued in June 2023, was based on a gold price of $1,750. This latest update bumps that figure up to $2,200, with part of the reason for the revised study being the rising price of gold.
Funnily enough.. That revised study was conducted at a price nearly $1,000 below the current spot price of the metal.
But a higher price of gold hasn’t exactly saved the economics of the project here.
Lets dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
