Max Porterfield is one of the rising stars in the mining business. Consider this: when he took over the company a few years ago, it had the EXACT same market cap as it does today, yet the company is DAY AND NIGHT from where it was.
In other words, he created tremendous value, so much so that, even as far back as 2014, Callinex Mines (TSX-V: CNX & US: CLLXF) was one of Canada’s Venture exchange’s best-performing stocks.
Today, with news that Max and his award-winning team of geologists are going to sink their teeth into another drilling program in Nash Creek and in Superjack, shares literally took off.
The reason investors came in today is because of Callinex (TSX-V: CNX & US: CLLXF) making successful drilling holes and following their gut, and combining that with science and geology.
This morning, before the market opened, we highlighted the entry point of CAD$0.63 or USD$0.48 as the price point that we determined as BARGAIN TERRITORY.
Be patient and remain disciplined.
The following is a recap of the company’s story:
- Nash Creek is the most advanced of their six projects. Max and the team have advanced it so much that it is part of the MINORITY of resource assets that ever reach the PEA stage (Preliminary Economic Assessment).
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The reason they’re drilling again, starting today, is to enhance the economics and resource making it an attractive asset – that’s a sound strategy.
- Pine Bay in the Flin Flon district is the WILD CARD. If their hunches are proven right, the exploration program in that camp could be no less than a game-changer.
Your bet is that they’re right, plain and simple.
From a valuation perspective, you’re buying shares for as little as some of the founders bought their stock. I mean, at these levels, the projects are priced at the value of the dirt, not the mineralization.
Consider shares of Callinex Mines (TSX-V: CNX & CLLXF) NOW!
Know this: before Trump started the trade war that made BASE METALS the most hated sector in the market, Callinex was worth CAD$60M, which is 15-TIMES today’s value.
As late as last year, before the tariffs were implemented, the company was worth 10-TIMES its current valuation.
This is what investors LIVE FOR in the resource sector. When everyone LOVES a company and just can’t stop talking about it, it’s easy to buy, but on most occasions, that spells doom.
Buy cheap or don’t buy at all!
Best Regards,
Tom Beck
Research Partner, PortfolioWealthGlobal.com
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This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Portfolio Wealth Global LLC has NOT been compensated by Callinex Mines for this email coverage. However, we are shareholders of the company, both through past private placements and open market purchases. We are long term shareholders and will not sell any shares within 3 months of any email coverage. An affiliate company, Wallace Hill LTD has received options from the company for consulting on marketing, Wallace Hill LTD has the same owner-members as Portfolio Wealth Global LLC.The historical resource estimate is contained a Technical Report dated July 4, 2013 titled “Technical Report and Resource Estimate on the Point Leamington Property, Newfoundland, Canada” prepared by Tetra Tech Inc. (“Tetra Tech”) for Raystar Capital Inc. The historical mineral resource estimate, termed “inferred mineral resource”, which is a category set out in CIM, was based on previous drill hole assays, and calculated using ordinary kriging to estimate gold grades in 10 x 10 x 10 foot blocks. Accordingly, Callinex considers this historical estimate reliable as well as relevant as it represents key targets for exploration work by Callinex. Callinex has not done sufficient work to classify the historical estimate as a current mineral resource and Callinex is not treating this historical estimate as current mineral resources. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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