WLBMF - Wallbridge Mining: High-Grade Ounces At A Very Reasonable Price
- Wallbridge Mining is one of the worst-performing juniors over the past two years, sliding more than 70% from its all-time highs.
- The recent leg down in the stock followed the release of a maiden resource estimate at Area 51, and Tabasco/Cayenne, which showed an impressive resource, but didn't meet market expectations.
- While disappointing for previous investors that sat through the 70% decline, investors new to the story are getting an opportunity to buy high-grade ounces at a very reasonable price.
- Given Wallbridge's potential to define a very economic underground operation with the potential upside to a 325,000+ounce open pit operation if the resource grows further, I see the stock as a Strong Buy at US$0.25.
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Wallbridge Mining: High-Grade Ounces At A Very Reasonable Price