Opinions
Joe Mazumdar
Fireweed Zinc Ltd.
FWZ-X
WATCH
Oct 16, 2018
$1.070
Stock price when the opinion was issued
Mining
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
RISKY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
The company claims to have the highest grade deposit of tungsten in the world, in Canada (Yukon and NWT), so in a safe jurisdiction. But as a developer it has no revenue, losses and negative cash flow. It does have $37M cash, however. Insiders own 6% and have been recent buyers. Its deposit also holds copper, so its future is tied to the EV market, largely. No one should 'expect' 100-bag returns, but it has some good qualities in a sector that could be hot for a while. The stock is acting well. But it is many years from ever developing a mine, and needs to be considered highly speculative.
Unlock Premium - Try 5i Free
Mining
Advertising
A good team. They could potentially find a big zinc asset in the Macmillan Pass in the Yukon. He's more interested in their exploration upside. Saw results last week and into November that he's monitoring. It's an exploration play to find more zinc.He's definitely watching it.