Haywood's analysts argue that with the GDXJ trading down about 21% in the year to date, the junior segment offers deep contrarian value at a low-risk entry point.
Constantine shareholders will receive 0.881 shares of American Pacific, representing a 48% premium to the value of the 20-day average share price of Constantine equity.
Analyst expects the constellation of base metals companies under coverage’s second quarter results to fall below expectations when they start reporting results from month's-end.
"Projected annual shortfalls will place unprecedented strain on supply chains. The challenges this poses are reminiscent of the 20th-century scramble for oil".
Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend picked up on during the first quarter.