Trevali Mining Corp (TV.TO)

(A Top Pick Jan 30/14. Up 13.59%.) Zinc producer with silver credits. Its initial mine is in Peru, which has ramped up well. Next project is the Caribou Mine in New Brunswick, which fires up in the 3^rd quarter of this year. Sees good visibility to growth, just at the right time where zinc will be better in 2016. It should ramp up from 50 million pounds to 110 in 2016, with visibility to triple that production probably by 2020, through expansion as well as their Half-Mile mine coming on in a couple of years. Still likes.

(A Top Pick Jan 30/14. Down 2.91%.) He is a fan of zinc, which has been the best performing base metal in the last year. He could see it going to $1.20-$1.30 a pound. Fundamentally, supply is going to be shrinking. This company is going to be the largest pure play zinc producer.

They are ready to go ahead on their Caribou mine. The question is how quickly the market anticipates this. It is often a year or two ahead. It is a core name for him if you want to be in the base metals. There are not too many names if you want to get zinc leverage. They could get taken out – breakwater or a smelter or an end user.

Supply is easiest to predict. 11% of Western World supply is shutting down this year and that is unheard of. Auto industry is improving demand for Zinc. Will be the single zinc only producer in the world. Possible take out candidate.

He just bought yesterday and owns 14.2%. He backed up the truck because it was a devalued play. Canadian company with mine in Peru. Came out with info today saying all is going well. Pure play on zinc. Zinc will probably be in a deficit position in a year or so. Excellent management. They have a good balance sheet. No controlling shareholder and it may be in play.

(Top Pick Jun 21/12, Down 40.19%) Still believes in it. Taking a little longer than expected to get Peruvian mine on stream. It is maybe two quarters behind expectations. Base metals show little enthusiasm in the market but he continues to own this one.

(Top Pick Jun 21/12, Down 11.22%) Suffering from delays on getting debt financing. It is ramping up nicely. He is a fan of zinc and a great place to be for 2014. They will be the largest pure play zinc producer by then.

Likes it. Progressing in Peru. Another project in NB at about the same degree of advancement. Could see two projects coming on stream in mid-2013. Silver will follow the price of gold essentially. Mid-$30 target for Silver.

(Top Pick Dec 15/11, Up 36.47%) Zinc producer. Continues to own it and it is capable of doubling. Going into production.

Good supply-demand picture. It has broken down because the risk-off trade is on. He is optimistic once the risk comes back.