It’s been a quiet summer so far, but Mercenary Geologist Mickey Fulp believes there are still opportunities for investors who know how to play their cards right.
“My strategy during the summer months is [to] pick off good stocks with stink bids,” he says in the interview above. “Some things that I already own [and] I want to add [to] my position, or just new good stocks that are beaten up a little right now.”
He’s currently waiting on results from Trilogy Metals (TSX:TMQ,NYSEMKT:TMQ) and Hannan Metals (TSXV:HAN), two companies that are in the midst of drill programs. The former is now drilling at its Bornite and Arctic copper deposits, and Fulp expects the results to be “very good.”
Of Hannan, he said, “they released the first drill hole last week, [and] the results were stupendous, amazing. A 3.3-meter intercept of 73 percent lead and 9 percent zinc.” More results are due out soon, and Fulp said, “we expect them to be good.”
As his current stock picks suggest, Fulp believes copper and zinc have good prospects moving forward. “I’m very bullish on copper in the short term,” he said. “I’m not going to predict where it’s going, but the next resistance is going to occur I think about $3.”
In terms of zinc, he admitted that while historically he hasn’t been a fan of zinc, he’s now “very bullish on the zinc market, let’s say in the mid term, the next two to three years.”
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Hannan Metals is a client of the Investing News Network. This article is not paid-for content.