Zinc Hits a 5-Year High, and According to Goldman Sachs… a Real Shortage of This Critical Metal is Imminent!
A Deficit in This Metal is About to Explode in 2017
Here is How We Are Going to Own a Stake in a Major Bull Run
Jim Walchuck, CEO of Zinc One (TSXV: Z & US: RRCPD), broke big news with the announcement that this week, a new company would take over one of the best zinc assets on the planet.
It’s a previously-producing, super high-grade zinc mine!
With grades as high as 20-25% on the surface, it truly is a stunning property. Compare this to producing zinc mines that have grades in the 5 to 10% range. By taking over the Bongara project in Peru, a former producing mine that was closed down during the 2008 financial crisis, Jim knew exactly what he was doing. He’s fast-tracking Zinc One to become a producer at exactly the right time!
According to Goldman Sachs,
the zinc market is going to hit a major deficit in 2017.
Last year alone, China had to close
down 26 zinc mines!
Glencore is also closing down a large zinc mine in Australia. After 13 years of production, the mine has been depleted.
In Canada, HudBay stated in 2016 on a call with shareholders that their 777 mine was running out of ore and that within 2 years, it would need to be closed down! According to Jim’s team, which includes Greg Crowe, another successful mining CEO, the zinc projects they are acquiring also have tremendous upside exploration along a 2.5-mile long trend.
The stock currently trades for under $2, which is a very cheap level because it’s a new company, the market is mispricing it, in our opinion, which is truly an early-investor opportunity.
Consider buying shares of
Zinc One (TSXV: Z & US: RRCPD) immediately!
This is our top pick for the zinc sector for 2017;
continued coverage and updates to follow.
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Chief Editor, CrushTheStreet.com