On September 5th, we updated you on Callinex Mines, a zinc exploration stock that we began covering in the spring of 2014.
Currently up over 100% from our initial entry point, we believe that a potential grand slam is in front of us.
The day of our last update, the company announced a significant expansion to their Nash Creek zinc deposit.
Last week, it was revealed that the opportunity to expand the size and grade of the deposit by conducting additional drilling within and outside of the limits of the current mineral resource was evident by new drilling results.
This morning, they just announced a discovery of up to 20% zinc mineralization at their Superjack project.
I think the news today requires our immediate attention, as they just confirmed two of their first four drill holes on the project.
The upside for Nash Creek and Superjack are enormous.
And this doesn’t even take into account that we are awaiting new drill results from their Pine Bay project. This project alone attracted institutional investors like Rick Rule and the Sprott Group, who purchased shares for 50 cents Canadian.
Today, you can still buy shares for 40 cents Canadian.
Our Recommendation: Consider buying shares of Callinex Mines (TSXV: CNX & US: CLLXF).
Nothing is more profitable than discovery in the resource space, and with Callinex, you have 4 projects that all look very promising.
It’s why I believe it is a potential grand slam in the making for investors.
It’s why I believe it is a potential grand slam in the making for investors, and I urge you to consider buying shares today.
I honestly believe that with their anticipated news flow, we may never see this low of a valuation again!
Two additional updates for our portfolios are HIVE Blockchain Technologies and GoldMining Inc.
HIVE Blockchain Technologies announced yesterday that Frank Holmes, of U.S. Global Investors, will become the chairman of the company.
I’ll have a special interview with Frank out this weekend.
In my opinion, HIVE Blockchain Technologies could become the leader for the cryptocurrency space in the public markets.
HIVE is involved in computer mining, which powers the blockchain, and the people behind it are truly billion-dollar company builders.
Recommendation: Consider buying shares of HIVE Blockchain Technologies (TSXV: HIVE & US: PRELF) and continue to accumulate shares.
GoldMining Inc. is the ultimate leverage on a gold-only basis.
It’s unreal what this company has accomplished.
They’ve acquired so many gold ounces in the ground that it would now place them among the top 10 central banks for gold holdings in the world.
With a new acquisition announced that is expected to close by the end of this month, GoldMining, between historical and 43-101 resources, will have 29 million ounces of equivalent gold resources!
When you sum up the parts of their acquisitions, both projects and companies that are now within GoldMining, they’ve seen market caps totaling $875 million during higher periods for gold.
Today, their market cap is $215 million.
Right now, the market is valuing this company at less than $10 per ounce of gold in the ground. Their recent acquisition has them buying millions more ounces at around $3 per ounce of historical gold resource in the ground.
You can buy shares today for CAD$1.60, H.C. Wainwright has a price target of CAD$4.50.
The reality is, this stock can go a lot higher and quickly, as larger investors will be looking to partner with what Rick Rule calls a “gold hoarder.”
Recommendation: Consider buying shares of GoldMining (TSXV: GOLD & US: GLDLF).
I am long all three of the companies above, and I am personally accumulating more shares.
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