Evaluating Matters: How to Value Fireweed Metals with PI Financial

Overview

I sat down with base metals analyst Connor Mackay of Pi Financial to discuss @fireweedmetals. Connor covers Fireweed and I took this opportunity to pick his brain and have him show his work a little bit on the process and logic behind his work. Fireweed is a best-in-class asset that, because of this status, makes it a bit of a trick to properly place a dollar value on as it is without a true peer. However, its inherent and strategic value is impossible to ignore and as Fireweed continues to prove up discovery after discovery and progress through economic studies, you have to think that eventually a sort of critical mass will be achieved and its true value will be more properly reflected in its market cap and share price.

Time Stamps

02:21 The Valuation Process - What are + and - you look for?

07:08 Risks and Opportunities the Market is Underestimating

09:00 Connor's Key 3 factors in Risk Weighting

11:41 Use of 12% Discount Rate for Fireweed. Do Base Metals Deserve a Higher Rate than Precious?

19:10 Why does Fireweed have such a disconnect between the low price and high value?

23:23 The Zinc Market

29:30 Gayna River valuation

31:00 Justifying their 0.6 NAV ratio they use as a price target and peer comparisons

35:00 Core Remaining Risks and Upcoming Catalysts

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