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Emgold Mining Corporation Receives Buy Recommendation from Tormont50 Research - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2019) - Today's buy recommendation come...
About this update from Emergent Metals Corp
[{"type":"text","content":"Emgold Mining Corporation Receives Buy Recommendation from Tormont50 Research - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - May 23, 2019) - Today's buy recommendation comes from Tormont50 Research, the research platform of financial advisor firm the Tormont Group, which features growth opportunities in the small and microcap space. Analyst Jim McFadden gives Emgold Mining Corporation (TSXV: EMR) (OTC Pink: EGMCF) a fair value estimate of $0.40 per share, a premium of 150% to the $0.16 price on April 11th, the day the report was issued.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this research report. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Emgold\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_pzvcd60x/Emgold-Mining-receives-buy-recommendation-from-Tormont50-ResearchEmgold is a growth-oriented junior mining company with a number of key assets. Led by CEO David Watkinson, an industry veteran with 30 years experience in underground and open pit mine development, the company executed 3 significant transactions in late 2018.In December 2018, Emgold sold its Troilus North Property to Troilus Gold Corp. for $250,000 in cash and 3.75 million shares of Troilus Gold. Troilus Gold, an emerging gold producer with its principal operations in Quebec, is currently trading at $0.58, which values Emgold's holding at $2,175,000.Analyst Jim McFadden stated: \"After factoring in the value of Emgold's stake in Troilus Gold Corp. we believe the market is according little value to Emgold's remaining key projects. If Troilus shares were to appreciate to a still-reasonable price of $2.00…that would by itself imply about a 50% increase in Emgold's share price.\"In December 2018, Emgold signed an option to acquire a 91% interest in the 10,000 hectare Casa South Property in Quebec, located just south of Hecla Mining's Casa Berardi Mine. Hecla recently updated its proven and probable mineral resource estimate for its Casa Berardi property, which accounts for 35% of Hecla's revenues, reporting around 1.91 million ounces of gold. Emgold recently completed a 3,000 meter diamond drill program in the Kama Trend and expects to release assay results in May....