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Wallbridge Mining Company Ltd
Symbol WM
Shares Issued 495,588,741
Close 2019-11-18 C$ 0.59
Recent Sedar Documents

Globe says Blythe rates Wallbridge "speculative buy"

2019-11-19 09:43 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 19, edition that Paradigm Capital analyst Don Blythe says Wallbridge Mining's (59 cents) Fenelon gold project in Quebec has the potential to expand from a 40,000-ounce to a multi-million-ounce resource. The Globe's David Leeder writes in the Eye On Equities column that Mr. Blythe commenced coverage with a "speculative buy" and a share target of $1. Mr. Blyth says in a note: "Wallbridge has made great strides advancing Fenelon since it acquired the project in mid-2016, and the share price has reflected that (up over 600 per cent in that period). The story is far from over however, and we expect the resource to continue growing with the company aggressively drilling at a rate of 8,000–10,000 metres per month. The Lower Tabasco Zone has the greatest potential to add high-grade ounces in the near term but the lower-grade mineralization, while still not yet well defined, could eclipse the high-grade in terms of contained ounce potential." Mr. Blythe is the lone analysts following the stock.

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