In an article from the Globe and Mail this week, Terry Shaunessy, president and portfolio manager at Shaunessy Investment Counsel, spoke about how investors can play the rebounding base metals sector. Shaunessy pointed to Trevali Mining (TSX:TV) as one of his top picks given that the miner is a low-cost producer with little debt.
As quoted in the publication:
With the focus shifting back to buying opportunities in an aging bull market with few undervalued sectors, mining stocks have regained some lustre. Since March, the metals and mining index is up by 22 per cent. Base metals stocks are now some of the cheapest on the TSX, priced more attractively than the big Canadian banks, said Irwin Michael, portfolio manager at ABC Funds.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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