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?
- Company Overview
- Business Plan and Background: What Did They Set Out to Do?
- The Numbers: Spent to Date, Cash Position, Raises and Burn Rate
- Bad Market yet Good Asset: What Have They Got to Make Shareholders Stay
- 2020 and Beyond: Making the Decisions to Move Forwards and Timings on Deliverables
Company Website: https://www.fireweedzinc.com/
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