Fireweed Zinc (TSX-V: FWZ) – Right Project, Wrong Time?

Fireweed Zinc Ltd
  • TSX-V: FWZ
  • Shares Outstanding: 37.7M
  • Share price C$0.38 (06.04.2020)
  • Market Cap: C$14.3M

We recently interviewed Brandon Macdonald, the CEO of zinc explorer, Firewood Zinc Ltd (TSX-V: FWZ)

Zinc is a commodity with a very interesting macro story. Prices peaked in January at $2,454/tonne following the phase one trade deal between the US and China. However, zinc has since tailed off, and prices have plummeted down below the $2,000/tonne mark on the LME. Why should investors take a punt on a zinc explorer in a time of COVID-19 induced volatility?

Macdonald gave us plenty of reasons to believe him; the zinc-lead project itself looks excellent. However, is this a case of the right project but the wrong time because of investor sentiment and the zinc price? Can Macdonald expect to accomplish anything meaningful this year?

Why not check out a zinc-related article while you’re here?

We Discuss:

  1. Company Overview
  2. Business Plan and Background: What Did They Set Out to Do?
  3. The Numbers: Spent to Date, Cash Position, Raises and Burn Rate
  4. Bad Market yet Good Asset: What Have They Got to Make Shareholders Stay
  5. 2020 and Beyond: Making the Decisions to Move Forwards and Timings on Deliverables

Company Website: https://www.fireweedzinc.com/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux Investor communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

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