Q: I would appreciate your insights on these 2 early stage mining companies; primarily as a patient medium term copper play. I would not be surprised if they were purchased by a large player at some point, but understand one should not "hang their hat" on that end game.
Which would be your preferred and why? They would sit in a 25-30 y. olds TFSA account which, while it would not capture any capital loss would shelter gains.
Which would be your preferred and why? They would sit in a 25-30 y. olds TFSA account which, while it would not capture any capital loss would shelter gains.
5i Research Answer:
ASCU recently raised $22M, setting up capital for continued development.
SLS is larger at $830M market cap. Insiders own 6%, Augusta Resources owns 36%.
Both names are pre-revenue. We would probably side with SLS for the larger size and insider backing.