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Blue Thunder Mining ( (TSE:BLUE) ) has issued an announcement.
Mines d’Or Orbec Inc. has announced the commencement of its fully funded inaugural drill program on the Muus Property in Quebec, set to begin on June 16, 2025. The program targets key structural intersections within the Lac Bernard Sud corridor, believed to be conducive to gold mineralization, and is strategically positioned near IAMGOLD’s Nelligan gold project. This initiative marks a significant step in Orbec’s growth strategy, potentially leading to a major gold discovery and long-term value generation for shareholders.
Spark’s Take on TSE:BLUE Stock
According to Spark, TipRanks’ AI Analyst, TSE:BLUE is a Underperform.
The overall stock score is significantly impacted by the company’s weak financial performance, marked by negative profitability and revenue absence. While there are some positive technical indicators and corporate governance improvements, these are overshadowed by fundamental financial challenges. The stock’s negative P/E ratio and lack of dividends further dampen its attractiveness.
To see Spark’s full report on TSE:BLUE stock, click here.
More about Blue Thunder Mining
Orbec is a gold exploration company based in Quebec, owning 100% of a large mineral claim near Chibougamau. The Muus Project spans approximately 25,250 hectares in the Abitibi Greenstone Belt, adjacent to IAMGOLD’s Nelligan Gold Project. Orbec collaborates technically with IAMGOLD, which holds an 8.3% stake in the company.
Average Trading Volume: 144,505
Technical Sentiment Signal: Sell
Current Market Cap: C$3.9M
Find detailed analytics on BLUE stock on TipRanks’ Stock Analysis page.