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:

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

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