TSXV:ZCC.H - Post by User
Post by
guido1077on Jan 25, 2014 7:33pm
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Post# 22134469
been awhile...
been awhile......since someone posted here. I think the stock is getting really interesting. Barite should get more demand as oil and gas drilling picks up. It's another commodity where China is the dominant producer (while US production is shrinking). This is the only pure play barite stock I could find. The company has about 8 cents per share in net cash (virtually no debt) vs. a stock price of 10 cents, they're not burning any meaningful cash right now, and perhaps most importantly we just got some insider buying. I'm intrigued check out this link for a useful overview of the barite industry https://minerals.usgs.gov/minerals/pubs/commodity/barite/mcs-2013-barit.pdf