TSX:TECK.A - Post by User
Comment by
ndiamondon Aug 30, 2024 2:26am
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Post# 36202340
RE:RE:RE:RE:Teck commences advanced met work at ZincX’s Akie Project
RE:RE:RE:RE:Teck commences advanced met work at ZincX’s Akie Project There is a junior resource company called Fireweed Metals that has a zinc project in the Yukon that is similar size and slightly lower grade, similar PEA numbers/economics, but way more remote. Has a market cap of $240 million.
ZincX (ZNX) has a market cap of less than $20 million. So 10x increase in valuation is very possible. It is currently trading at a deep discount to real value. Deposit is in B.C.
Teck is showing increasing interest in ZNX given Teck has a big zinc deposit (Cirque) only 20km away from ZNX's deposit.
Teck has a big zinc smelter in Trail, BC...The 2 deposits combined would be 100 million tonnes of 10% Zn+Pb. Among the largest zinc resources in the world.