Opinions
Dennis da Silva
Trevali Mining Corp
TV-T
COMMENT
Aug 02, 2016
$0.940
Stock price when the opinion was issued
Mining
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HOLD
It has really been crushed since the big financing on the stock. Now is probably the time to buy it. They had a lot of operational problems in their mine, but they have turned over the management team yet the stock continues to go down. He started to buy at $0.45. He would hold on. Don't sell.
Mining
BUY
The biggest independent zinc producer has had its ups and downs. The new CEO has to navigate 2020, which was tough. Zinc prices have jumped to US$1.25/lb. TV's cost structure is based on $1.10-1.15. TV trades at a deep discount. Zinc doesn't capture the imagination like copper or nickel, though. Zinc prices have benefited from the rebounded in car production and other industrial activity. He has owned this in the past. A good company for pure zinc exposure.
Mining
A zinc producer so it is kind of in the sweet spot for him in that zinc, year-to-date, has been the best performer. Zinc is currently at $1 now, and he sees upside to $1.20. This company has performed as zinc has started to move, and is the cleanest way to play zinc. They just went commercial on their New Brunswick mine, Caribou, which should lead to a ramp up slowly to 140 million pounds, when cash flow starts to get generated. The biggest question for this company is, what’s next. You can own this for 2-3 years and do quite well.