2020-11-19

Wallbridge Monster Gold Strike

With miners in a correction, this news might be buried by the market if you're lucky: C$650 million market cap Wallbridge (WM.TO) hit 5g/ton Au over 100 meters. That's the kind of strike that could send a $10m company to a $50m or $100m valuation. For Wallbridge, it confirms what many shareholders expected. Wallbridge Intersects 5.07 g/t Au over 100.6 metres, including 29.03 g/t Au over 7.30 metres in the Tabasco-Cayenne Zones

Unless the gold miners sector gets hammered, I would not expect Wallbridge to fall much further. I have support about 10 percent away at 73 cents. I would be an aggressive buyer if it fell to those levels. Current price will look cheap 5 years from now. I already have a position.

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