Goldman Sachs Forecasts a Widening of Global Shortages for This Metal
Stock Suggestion: Callinex Mines (TSXV: CNX & US: CLLXF)
This Company Could be Looking at Life-Changing Gains…
This is a real problem, and equally a great opportunity for investors. This is why we are actively increasing our position of Callinex Mines (TSXV: CNX & US: CLLXF).
There are very few zinc companies for investors to even own. As a result, while this crisis unfolds and the zinc price rises dramatically, there are not many good choices for investors. It’s headed up by Mike Muzylowski, who was involved in 16 mineral discoveries, and a zinc discovery was what placed him into the mining hall of fame in Canada.
Max Porterfield, who is the CEO, is a tenacious mining executive who has truly over-delivered for Callinex shareholders since taking over 2 years ago. The team also includes Alan Vowles and James Pickell, two recipients of the Bill Dennis Prospector of the Year Award.
With zinc prices at an extreme low, Callinex made three very strategic acquisitions.
10 Key Reasons Why I Am Recommending Shares of CNX
- Mike Muzylowski has been involved in 16 discoveries that went on to be producing mines and 50 years of experience in the region.
- CNX projects are near HudBay and they are starving for more resources in the area. This puts CNX and its projects at the top of their buyout list.
- Pine Bay is an advanced project and further exploration and results will happen this year!
- Legendary Investor Carlo Civelli, who has been an early investor in 12 companies that went on to become billion dollar market caps, is both an investor and the Chairman of their advisory board.
- Shares are just 30 cents!
- A new CEO has just taken over. Max Porterfield has a reputation in Vancouver for getting things done!
- I think their Island Lake gold project is a potential lottery ticket!
- Resource stocks are the only bargain in the markets today.
- The world needs copper and zinc, and specifically from safe mining jurisdictions like Canada. Do you really trust supplies from Russia, Ukraine, and Africa?
- With global currency devaluation, I want to own hard assets like CNX who have real copper-zinc deposits to back up every single share!
Now is the time to start looking at metal and mining shares, but with Callinex Mines, this takes us to a whole new level. With exploration, discovery will give you your largest gains, especially in the precious metal and key base metals sector.
And in my opinion, they are already on the path to discovery, with a string of press releases since last summer, including one on March 7th, showing that they could be looking at a major deposit!
Their September drill results were literally the most significant results encountered for the entire area in over a decade!....or they were until CNX released their last two holes…
It’s a new mineralized zone,
with gold, silver, copper, and zinc.
Point Leamington Deposit
One of the projects, the Point Leamington deposit, has close to 500,000 ounces of gold alone, plus 7.6 million ounces of silver.
The Superjack project is actually located about 9 miles from one of the largest underground zinc mines ever discovered, the one that has put this entire market into a global shortage. Interestingly enough, this project boasts similar geology.
Callinex is also continuing to drill and focus on their current exploration projects near HudBay’s 777 mine, which by billion-dollar HudBay’s own admission, is running out of ore!
777 has been HudBay’s most profitable mine, and was actually the reason Mr. Pickell (now with Callinex) was awarded with the PDAC Prospector of the Year Award, a mine discovery he was instrumental to. In the past 10 years, this mine has seen profits of nearly $2 billion!
In their September drill results, Callinex had the most significant findings encountered for the entire area in over a decade!
Our Recommendation: Consider shares of Callinex Mines (TSXV: CNX & US: CLLXF)
This is good diversification in this sector, with exposure to both gold and silver, but also significant exposure to zinc. Zinc is outperforming both gold and silver year-to-date, and it has a long way to run in order to correct its supply and demand imbalance. Owning shares of Callinex Mines is a conservative way of owning a call option on the zinc market, in my opinion.
We like this investment idea for the management team and the projects. However, we also have a wildcard play, in that if zinc prices rise, Callinex assets will also be revalued much higher. The market cap of the company is still only $34 million Canadian, so the upside here with Max Porterfield and Mike Muzylowski is enormous, in our opinion.
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Editor’s Note: I am long and am an active accumulator of CNX shares.
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