Stockchase Opinions

Joe Mazumdar Mirasol Resources MRZ-X PAST TOP PICK Mar 02, 2020

(A Top Pick Oct 16/19, Down 24%) It is a prospect generator in Chile and Argentina. Their enterprise value is very low. They have a very high working capital position. Their permitting on drilling is slower than anticipated.
$0.450

Stock price when the opinion was issued

precious metals
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BUY

Great management. It is one of those very undervalued stocks. He would buy here.

PAST TOP PICK

(A Top Pick March 8/16. Up 42.86%.) This company and its team are amongst the best explorers in the industry. A solid company doing solid, generative, conceptual exploration.

TOP PICK

A great company and worth while accumulating, but it is really important on junior stocks to pick your price. At this level, it is worth accumulating, but there is no urgency. These guys generate really good big picture ideas, and they get a major mining company in to test it.

PAST TOP PICK

(A Top Pick March 6/17. Down 13%.) This is a company with a management team that actually is finding these kinds of projects and filling peoples pipelines. They have a number of joint ventures, and some of these projects are very similar to those being found in the core area of Chile. They are well funded.

TOP PICK

A premier prospect generator. Relevant experience, not only in the deposit types they are looking for, but jurisdictionally. They’ve spent a lot of years in the down times basically putting their portfolio grassroot projects together. Right now, they are trying to harvest them, and the environment is great for harvesting them.

PAST TOP PICK

(A Top Pick March 6/17, Up 29%) It's his personal biggest holding. This or next year will see their biggest discovery. They have fantastic projects in Argentina and Chile.

PAST TOP PICK

(A Top Pick March 6/17, Up 29%) Has a decent market cap of over $100 million and continues to be their top prospect. The deals they generate, the people they attract is par excellence. But in terms of risk vs. reward, he's chosen another prospect generator.

COMMENT

He's owned this forever. They're a prospect generator model.They now have a project to explore but it's in Argentina which attracts negative sentiment. He himself is positive Argentina. He sees little financing risk and should deliver. To lessen negative sentiment, MRZ has diversified into Chile where he expects good results.

TOP PICK
A prospect generator. Two thirds of their enterprise value is protected by their cash position. They have several joint venture opportunities and sees little downside risk due to the large cash position. Yield 0%