MACMILLAN PASS, YUKON — Fireweed Zinc (TSXV: FWZ) CEO Brandon Macdonald travelled to China three times last year, twice to Japan, and also talked with Korean smelters about the company’s Macmillan Pass project in the Yukon — the largest undeveloped zinc and lead resource in the world held by a junior Canadian company.
“The reception we’ve had with the smelters has been very positive,” Macdonald tells a group of analysts and investors on a recent tour of the project. “One of the strengths of this project is the high grade, clean concentrate.”
The geologist, who has an MBA from the University of Oxford and also spent years working on structured financings and risk management in London at Macquarie Bank, adds that the long-term supply picture for zinc “remains bleak.”
“Nobody exactly understands how the long term is going to play out because there’s just not enough scalable projects,” he says. “And then the big four million tonne elephant in the room is, can China keep producing four million tonnes of zinc a year? There isn’t a single mine in China that’s anywhere near as big as this.”
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