Five quality resource midcaps

Jim Copland

IFM Investors

In the short-term, zinc and nickel look reasonable based on their respective supply side constraints. We’re not getting carried away with the outlook for China in terms of demand, but equally we don’t expect a financial or policy crisis there in the short to medium-term. Independence Group is a predominantly nickel exposed diversified miner with a good balance sheet. Larger, liquid names with good management and assets, such as OZ Minerals, Whitehaven, Western Areas, and Sandfire Resources, should all be beneficiaries of any improved investor appetite toward resources. For microcap pure zinc exposure, we like Red River Resources and Heron Resources. Gold still has legs too, on our expectation of ongoing low real interest rates globally, and probable disappointment to the timing and magnitude of consensus Fed tightening.

2 topics

7 stocks mentioned

Jim Copland
Jim Copland
IFM Investors

1995 - 1997: Mine geologist, WMC Resources,St Ives Gold Mines, Kambalda. 1997-1999: Junior solicitor, Clayton Utz, Perth. 1999-2005: Equity analyst, sellside, Goldman Sachs, New York. 2006-2009: Equity analyst, sellside, Macquarie,...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment