NEWSGlobe says Maritime seen having "major potential" 2020-06-26 07:23 ET - In the News Also In the News (C-RMX) Rubicon Minerals Corp (2) The Globe and Mail reports in its Friday, June 26, edition that Industrial Alliance Securities analyst George Topping says Maritime Resources is a "microcap with major potential." The Globe's David Leeder writes in the Eye On Equities column that Mr. Topping rates the shares "speculative buy." Mr. Topping sees "positive" possibilities at its Hammerdown gold project in Newfoundland. Mr. Topping thinks Hammerdown, located in the Green Bay property near Springdale, has "the building blocks for value growth." Mr. Topping says in a note: "For investors, we highlight the potential rerating of shares as the project gets derisked. We point to Rubicon (RMX-T, "Buy" rating, Target $2.50) as a similar low capex, infrastructure mostly already in place, high IRR project, nearing production decision company as a future valuation comparison for Maritime in the medium term. In the long term, we highlight similar scale Pure Gold (PGMV, Not Rated) as a comparison to where the shares could eventually upgrade to post-funding, nearing completion of construction, and start of commercial production." Currently the lone analyst covering the stock, Mr. Topping set a share target of 25 cents. 2020 Canjex Publishing Ltd. All rights reserved.