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Wheaton Precious Metals Corp. (WPM $177.05)
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TMX Group Limited (X $54.51)
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Sherritt International Corporation (S $0.26)
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Global X Lithium & Battery Tech ETF (LIT $83.77)
Q: I listened to Chris's top picks on Market Call a couple weeks ago. One being TSX and another gentleman had mentioned it yesterday as well.
I now see it at times as a recommendation at 5i. Is this a higher conviction profitable investment for 3-5 year time frame after the Aussie additions?
Also do we have any profitable Cobalt miners or an ETF in Canada to invest in?
Thanks in advance. David
I now see it at times as a recommendation at 5i. Is this a higher conviction profitable investment for 3-5 year time frame after the Aussie additions?
Also do we have any profitable Cobalt miners or an ETF in Canada to invest in?
Thanks in advance. David
5i Research Answer:
Yes. While X has been a bit disappointing in the past year, our conviction remains high. It is a low-capital business and still (largely) has a monopolistic position in Canada. International acquisitions will help its overall diversification and growth profile. The cobalt space in Canada is very thin. Sherritt has exposure but is not profitable. WPM has exposure via its royalties and is very profitable, but is not a pure play, as gold remains its biggest exposure. There is no dedicated Canadian ETF, but an ETF such as LIT in the US would have some exposure.