Eurozinc is an interesting company. It is going to go in the index this week. It produces copper and has deposits in zinc. They are making a lot of money. Potential is 5 times its earnings. This expert likes this stock and bought shares recently.
Just merged with Lundin Mining. Probably trading around 5 X earnings right now. Will probably grow by acquisitions. Because of its huge rally, would wait for correction.
World shortage in zinc and cannot be easily made up. Hud Bay (HBM-T), Eurozinc (EZM-T) and Inmet (IMN-T) have tremendous leverage to base metals. The demand for raw materials coming out of emerging-markets is astonishing.
Merging with Lundin Mining (LUN-T). The deal on Inco (N-T) closes next week and there will be about $16 billion coming back to investors, many of whom will look to replace their investments in the mining space. Speculative and volatile.
Merging with Lundin Mining (LUN-T) which makes a lot of sense. Doesn't believe this is the time to be buying metal stocks. We are in a corrective period and there is downside risk.
Recently sold his holdings in order to reduce exposure to the deep cyclicals and resources. Management has done an exceptional job. Likes the merger with Lundin Mining (LUN-T). Not sure that base metals can go much higher.
Merging with Lundin Mining (LUN-T) which makes sense. If you're short term, and worried about the US economy slowdown, then you should trade in and out of these types of stocks. Longer term, this company is fine.
Proposed merger with Lundin (LUN-T). Not a bad merger in terms of geographic location with both having mines in Europe giving them limited political risks.
In Portugal, a more stable country outside of North America. Has had a great run. Mostly in copper which he is not bullish on at this time. Would like to buy it under $2 as he thinks that would be were copper will be selling at. One of the better emerging producers in metals, that is trading today. Well-run company.
This is really a copper producer with a by-product of zinc. There has been a lot of speculative money in the stock. Was affected by the fall off in the prices of copper and zinc. Buy for the long term only.
Gives you exposure to copper and zinc. This company will be a proxy for base metal prices. Doesn't think it has the earning power of others, so is not sure it would be his number one pick.