Minimize

Welcome!

Fireweed Zinc – Tying Together Recent Drill Results and Updated Resource

Cory댊
January 11, 2018

On the heals of the new resource announced yesterday, Fireweed Zinc CEO Brandon Macdonald joins me share some additional insights. We look at drill results that were released in early December and the updated resource. The stock has been performing very well since I first introduced the Company in late November. Looking ahead a PEA is in the works.

Click here to visit the Fireweed Zinc website for more Company information.

Click download link to listen on this device: Download Show

Discussion
6 Comments
    Jan 11, 2018 11:47 PM

    It seems silly to me that a zinc exploration company with approximately 72 million shares in The Yukon can sell for $1.34, this stock is overvalued. Okay, I better say that I am not an expert, but if I was I wouldn’t know anything. DT

      Jan 11, 2018 11:52 PM

      I must retract part of my statement because I got there total shares wrong, it seems they have only 17 million plus, a small amount I agree but the price doesn’t warrant this evaluation in my mind. DT

    Jan 11, 2018 11:51 PM

    Thanks for the comment DT. Just a follow up, the shores outstanding are only 23.5 million fully diluted but 72 million. That is a very significant difference. Were you looking at a different company?

    Here is the link to outline the share structure…
    http://www.fireweedzinc.com/investors/share-structure/

      Jan 11, 2018 11:46 PM

      Just saw your updated comment DT. Thanks for correcting the share count. Do you have further comments on why you thin the share price is not justified with the updated resource?

        Jan 11, 2018 11:05 PM

        Fireweed zinc can not compare to a company like Americas Silver which has 3 mines in operation, with silver, zinc, and lead, and which can ramp up any of those commodities over the others when the price moves to warrant it. USA only has 40 million shares outstanding and they are listed on The NYSE and The TSX. Fireweed zinc is just that an exploration stock, that makes it a huge gamble. I just can’t compare the two and see the potential at these prices. USA is selling at around $5 CDN, Fireweed is just that, a big gamble in an area where they will need a huge resource and infrastructure before it can claim anything like a mine maybe 20 years down the road even if they get the drill results. DT

          Jan 12, 2018 12:21 AM

          I guess it all comes down to if you want to invest in a production company that is still silver dominate or a zinc exploration company. As you said you really can’t compare the two stocks as they are in difference stages and in different metals. Exploration stocks are always a huge gamble but that is why they can provide the largest returns if they can find something economic.