The Globe and Mail reports in its Thursday, Oct. 12, edition that Industrial Alliance Securities analyst George Topping, bullish on both the lead and zinc markets going forward, began coverage of Vendetta Mining (27 cents) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Topping set a price target for Vendetta shares of 60 cents. Mr. Topping is currently the only analyst covering the stock. Mr. Topping says in a note: "Lower prices in recent years, along with resource depletion, have led to several mine closures. While the lead/zinc market is difficult to analyze (China is 35 per cent of supply and 50 per cent of demand), fundamentally, prices should rise much further. There are limited opportunities for investors to gain exposure to the lead/zinc market. It has been 10 years since the last bull market, which saw lead prices above $1.75 per pound and zinc prices above $2 per pound. Consequently, there are few lead/zinc-focused investment vehicles left." Vancouver-based Vendetta is a junior exploration and development company. Its flagship asset is the Pegmont lead zinc project in northwest Queensland, Australia.