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Could this be the best undeveloped Zinc Project in the world?

The Zinc market remains sluggish and has been in deficit since 2016. Several mine closures, production cuts and increase in global demand have had a major impacts on price. Zinc is the 4th most widely used metal and has unique abilities to resist corrosion, rust and is used for galvanizing metals. If the closures and production cuts continue it is likely that there will be a three year sustained bull market in this metal.<br><br>For Stock Market Research, you can visit Smart Money Gains.

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Could this be the best undeveloped Zinc Project in the world?

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  1. Could Could this Zinc Zinc Project this be Project in be the the best best undeveloped undeveloped in the the world? world? Fireweed Zinc holds claim to one of the largest undeveloped Zinc resources in the world. The company’s stock is at a 52 week low and is about to begin a significant summer drill program that should lift the stock higher. The company’s preliminary economic assessment with a pre-tax internal rate of return of 32% shows a net present value of C$779M on their project. With a market cap of C$24M FWZ is a great buy at current levels for patient investors with a long term horizon. The company has a great share structure is cashed up ( C$5M ) for this year’s program and offers much upside. Zinc Market Outlook The Zinc market remains sluggish and has been in deficit since 2016. Several mine closures, production cuts and increase in global demand have had a major impacts on price. Zinc is the 4th most widely used metal and has unique abilities to resist corrosion, rust and is used for galvanizing metals. If the closures and production cuts continue it is likely that there will be a three year sustained bull market in this metal. For Stock Market Research, you can visit Smart Money Gains. Fireweed Zinc Ltd Market Cap: C$24M Float: 6.5M Recent Private placements: $0.80 / $0.95 / $1.10

  2. Fireweed Zinc is a Canadian mining exploration and development company focused on advancing the Macmillan Pass Project. This project is located in Canada’s mining-friendly Yukon Territory, is host to large zinc-lead-silver deposits. The project is accessible via a 3km road from the North Canol Road off the Robert Campbell Hwy in the southeast Yukon. One of the largest Zinc Deposits in the world

  3. Teck Resources – Sign of Confidence Tech Resources Canada’s largest diversified resources company and the third largest zinc miner in the world has 10% stake in the company. They took 40% of the most recent financing and this is a major sign of confidence in the prospects of FWZ. Teck sent their own head Geologist to the property for a comprehensive review prior to making this investment. Visit Smart Money Gains for Latest Financial News. Recourse Capital Fund- Sign of Confidence RCF is a leading mining fund that has 13% stake in FWZ. This fund has a good history, US $3billion under management and has a portfolio of 184 mining companies spread over 30 commodities in 53 countries. 2019 Exploration Plans The 2019 drill program can produce some big catalysts. The company is planning to drill roughly 4,000 metres across 20 holes. Their 2018 PEA stated it is likely that project economics can be improved by the identification of additional mineral resources leading to an increased mine production or extended mine life.

  4. Bottom Line The Resource sector offers incredible opportunities for patient investors that buy stock in promising exploration projects. Management has clearly delivered every step of the way and investments from Teck and RCF speaks huge volumes on the long term prospects of FWZ.

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