Analyst Says This Mining Co. Is in Right Place at Right Time
Source: Clive Maund 10/15/2024
There has probably never been a better time to be a copper, gold, and silver mining company. Fitzroy Minerals Inc. (OTC: FTZFF).
A massive copper shortfall is bearing down on the market, which is set to drive it much higher. This is due to a combination of soaring demand for battery applications and solar panels, etc., coupled with waning supply due to very few major new copper producers having come online in recent years, a situation that has taken a long time to fix.
Meanwhile, silver is in high and rising demand for industrial uses with the prospect of a boom in investment demand as the demise of currencies accelerates, which of course will impact gold prices in a similar manner. So Fitzroy Minerals Inc. is considered to be in the right place at the right time.
Before looking at the latest stock charts for the company, we will review its fundamentals using slides from the company's latest Investor deck and consider any relevant news.
The first slide from the Deck provides a snapshot of the company and its direction. On it, we see that Fitzroy is focused on copper, gold, and silver projects in both Argentina and Chile. . .
The next slide shows a map of Argentina and Chile and makes the point that the business environment for mining companies is improving in both countries, with a move to the right in Chile and whatever else you may say about him, the current president of Argentina is more business-friendly than previous ones.
Chile is, of course, the world's leading copper producer and, therefore, not surprisingly, is a very good place to look for it. Fitzroy has two properties in Chile and one in Argentina.
The following slide shows the location of the Caballos (Spanish for horses) project in Chile. As we see it is not very far north of the capital, Santiago, and is close to the border with Argentina.
Most notably, Caballos is surrounded by "heavy-hitting" mining companies, including Codelco, Freeport, and Newmont, who would not be there without good reason. This, just by itself, greatly increases the chances of important discoveries being made within Caballos.
The company's other project in Chile, Polimet, is not far from Caballos to the west, which will make for economies with respect to logistics and movement.
Notably, the project is very close to the giant El ...
