Opinions
Peter Imhof
Trevali Mining Corp
TV-T
TOP PICK
Oct 26, 2018
$0.520
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 pure zinc play. They successfully did debt financing last year. Balance sheet and operations look good. Has met with management twice. They just said that Caribou Mine in New Brunswick will underperform, but their Burkino Faso mine will make up for it. Their numbers will still be good. Price to cash flow at 2x next year. The stock is decimated now, so it's a good time to buy, and could be weak in forthcoming tax-loss selling. (Analysts' price target $1.39)