Siempre - The Mad Monkey came up with this one tonight. Of course it's just an extension of his EZM pick, but he could have something here. Put it on the 'ol watch list. RGRDS - JT
The Name to Know in Zinc, Copper
Market players should buy a stock that has had an "identity crisis," Cramer told viewers.
The company, EuroZinc Mining, which previously held the ticker symbol EZM, has merged with Lundin Mining (LMC - news - Cramer's Take) and now possesses the symbol LMC.
"Lundin Mining has a wider base of assets, which makes it more reliable," Cramer said. And it is the "single way to play the single two hottest minerals in the world: zinc and copper."
Zinc is about to move into the driver's seat, and with Lundin Mining, EuroZinc got two mines which produce more than 70 tones of zinc, he said.
In addition, with the new mix of zinc and copper, the company has become a "prime takeover target," as there are "plenty of mining companies looking to make themselves bigger," Cramer continued.
Although it seems EuroZinc was doing fine on its own with its copper exposure, zinc's price should increase 70% as supply lessens, he said.
"This merger is brilliant, and the stock should be going much higher than we thought," Cramer said. |
