Canadian Materials Undervalued over 20% based on DCF

Barrick Mining

Market Cap: CA$97.2b

Engages in the exploration, development, production, and sale of mineral properties.

Nutrien

Market Cap: CA$50.5b

Provides crop inputs and services.

Endeavour Mining

Market Cap: CA$20.5b

Operates as a gold mining company in West Africa.

IAMGOLD

Market Cap: CA$15.7b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

CCL Industries

Market Cap: CA$15.2b

Manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films.

OR Royalties

Market Cap: CA$10.5b

Acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally.

OceanaGold

Market Cap: CA$10.1b

Engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

Methanex

Market Cap: CA$6.4b

Engages in the production and sale of methanol and ammonia in Asia Pacific, North America, Europe, and South America.

Montage Gold

Market Cap: CA$5.9b

Engages in the acquisition, exploration, and development of mineral properties in Africa.

Ero Copper

Market Cap: CA$4.1b

Engages in the exploration, development, and production of mining projects in Brazil.

Wesdome Gold Mines

Market Cap: CA$3.9b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

5N Plus

Market Cap: CA$2.9b

Produces and sells specialty semiconductors and performance materials in the Americas, Europe, Asia, and internationally.

Americas Gold and Silver

Market Cap: CA$2.5b

Engages in the exploration, development, and production of mineral properties in the Americas.

i-80 Gold

Market Cap: CA$1.9b

A mining company, engages in the exploration and advancement of gold and silver mineral deposits in the United States.

Hemlo Mining

Market Cap: CA$1.9b

Operates as a gold production company.

Chemtrade Logistics Income Fund

Market Cap: CA$1.8b

Offers industrial chemicals and services in Canada, the United States, and Brazil.

Canfor

Market Cap: CA$1.6b

Operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally.

Alphamin Resources

Market Cap: CA$1.5b

Produces and sells tin concentrates.

Versamet Royalties

Market Cap: CA$1.5b

Operates as metals royalty and streaming company, engages in the acquiring and managing royalties, streams, and other similar interests on metals and mining operations and projects in Peru, the United States, Africa, and Canada.

Amerigo Resources

Market Cap: CA$853.4m

Through its subsidiary, Minera Valle Central S.A., produces copper and molybdenum concentrates from Corporación Nacional del Cobre de Chile’s El Teniente mine in Chile.

Blue Moon Metals

Market Cap: CA$846.1m

Engages in the exploration and development of mineral resource properties in Norway and the United States.

Aclara Resources

Market Cap: CA$797.6m

A mining company, engages in the exploration and development of rare-earth mineral resources in Chile, Brazil and Peru.

AirBoss of America

Market Cap: CA$223.5m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Majestic Gold

Market Cap: CA$156.4m

A mining company, focuses on exploration, development, and operation of mining properties in China.

Evolve Royalties

Market Cap: CA$136.3m

Provides royalty financing solutions to companies operating in the natural resources sector.

Helium Evolution

Market Cap: CA$39.1m

Operates as a helium exploration and production company in southern Saskatchewan.

Val-d'Or Mining

Market Cap: CA$12.2m

Engages in exploring, evaluating, and promoting mineral properties and other projects in Canada.

Canoe Mining Ventures

Market Cap: CA$4.3m

Engages in the acquisition, exploration, evaluation, and development of gold resource properties in Canada.

District Mines

Market Cap: CA$1.8m

Explores for and develops petroleum and natural gas reserves in Western Canada.