Thom Calandra says Ivanhoe Mines and Thunderstruck Resources are zinc companies that he owns and follows.
The Investing News Network recently caught up with Thom Calandra of the The Calandra Report. He touched on uranium, the Athabasca Basin in Saskatchewan and other commodities he will be watching closely in 2017.
Calandra is bullish on zinc, and listed Ivanhoe Mines (TSX:IVN) and Thunderstruck Resources (TSXV:AWE) as zinc companies that he owns and follows.
Watch the video above for the full interview or read the transcript below.
INN: I know uranium isn’t the only thing that you know about. Are there any other commodities that you’re going to be watching closely this year?
TC: I’m much better known for The Calandra Report and The Calandra Network. Much better known for platinum, copper, gold especially. I remember at CBS MarketWatch or MarketWatch.com, dyeing my hair gold when gold was at $400 an ounce. We were living in London at the time, and I was building up one of our products for Europe. So that was a lot of fun. And I think we’re going to have a lot more fun with gold.
Zinc is getting to be more and more interesting, of course. I’m a big believer in Ivanhoe — of course, so is everyone else, but I owned Ivanhoe when it was a private company in South Africa in 2003. And Ivanhoe has terrific zinc, copper, gold and platinum properties, and palladium and nickel in South Africa, in the DRC.
I think if you really want to roll the dice on zinc and copper — and I own some of this one as well — [look at] Thunderstruck Resources. It’s tiny … if it’s got an $8-million market cap that would be a lot. It’s on the island of Fiji. Zinc on Fiji? I’ll take it. It’s a lottery ticket. I know the management, they’re honest, I respect them. If zinc continues to do well, as it has been, some of these industrial metals that have done well — zinc, cobalt, lithium — I think will do well. But mostly on zinc my exposure comes through Ivanhoe, a tiny bit from Thunderstruck and a company called Golden Valley Mines (TSXV:GZZ) in Quebec.
INN: Thank you so much for sharing with us today.
TC: Pleasure, and thank you.
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Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Thunderstruck Resources is a client of the Investing News Network. This article is not paid-for content.