After several years of bear markets for miners, many mining equities have lept upward in the last few months. LiTHIUM X Energy ranks among the leaders of the pack, up many-fold. Barry Allan, vice chair of mining at Mackie Research, and Research Analyst Ryan Hanley put out a report in March for the PDAC convention, highlighting a number of promising mining companies. In this interview with The Gold Report, Allan and Hanley profile a handful of those companies, including LiTHIUM X.
The Gold Report: Barry and Ryan, in March, you attended the Prospectors & Developers Association of Canada (PDAC) convention, the largest mining gathering in the world. What is your main takeaway?
Barry Allan: Probably the biggest takeaway this year was while attendance was down marginally, the quality of the companies in attendance was very, very good. It wasn’t this frenetic activity of a bunch of people running around looking for meetings, as there were better quality companies in attendance and making presentations. I guess it is characteristic, to be fair, of what we’d expect to see in a bear market, that the good always survive, that the good always continue to make discoveries and move assets farther down the track. I think that’s exactly what PDAC was telling us this year.
TGR: You prepared a report for PDAC highlighting more than a dozen companies, not all of which are on your coverage list, that you believe have great potential. Would you discuss a few of these companies?
BA: What Ryan and I were attempting to do here was to profile some companies that were unique and caught our eye. Not all, as you say, were under coverage, but they were companies that we had some knowledge about and we found intriguing and interesting.
TGR: Which company would you like to start with? …read more