Opinions Rick Rule
Vizsla ResourcesVZLA.VWATCHApr 10, 2026
Rick RuleStock price when the opinion was issued
As of Nov 06, 2024. Market Open.
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VZLA is a relatively small company, operating as a developer of precious and base metal assets largely focused in the Panuco district in Mexico. The Panuco silver-gold project is considered one of the highest-grade silver primary discoveries in the world, with a relatively low-cost structure compared to competitors (based on the company presentation) and is now trading at 1.3x times' Price/Book.
As VZLA is still in the exploration stage, which is still 3-5 years until the company realizes its value through full production. The type of company is quite speculative, which may offer tremendous returns if the company eventually achieve mining stage. However, we consider the name to be highly volatile, we would prefer to wait until the company starts to generate some revenue and earnings. Insiders own 6%, Franklin Resources owns 13%. It has $52M cash, with a cash burn of $13M in the past year.
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Rick Rule
Not buying more until he sees some resolution to the dispute with one faction of the cartel. Its location is a very difficult place sociologically.
Disclosure: Close friend of the founder.