A Visit with Max Porterfield of Callinex Mines

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As you know, we've been trying to feature certain mining shares here in 2016 as a way of helping these companies to raise their overall visibility. To that end, earlier today I had the pleasure to visit with Max Porterfield, CEO of Callinex Mines.

In this brief call, Max and I discuss:

  • the resource sector, in general, and the prospects for base metals as well as precious metals
  • the team he's put together at Callinex and why that makes them such an intriguing exploration company
  • the recent news of some major, outside investors taking a position in his company

Though investing in exploration companies certainly isn't for everyone, I do think that nearly everyone will benefit by having listened to this discussion.




Buzzedbud's picture



Danforth Coxwell's picture



OOOBuck's picture

All in for 3rd


Marchas45's picture

Gone All Day

and I Get my lucky 4thhhhhhhhhhhhhhhh Yahoo!!!! Keep Stacking

Boggs's picture

I learned my lesson on gold

I learned my lesson on gold stocks, I bought EGO 4/5 years ago at 13 something and sold it for 3 something.  Unless Turd agrees to trade my gold equities I'm out.  I just stack now.   I watched "the king of stacking" Charlie's video last week having a beer and haven't laughed that hard in a long while.  Charlie, your smile is infectious, you may be the happiest guy I have ever seen.  Keep it up, I'm still smiling.  BTW, loved the hallow and the accent, Ya'll just sound smart. 

Turd Ferguson's picture

Just so we're all on the same page


I wrote this in January of 2013 with the HUI at 425. My interest in the shares only began when I watched the HUI hold the 105 level for six months in late 2015.


GuerrillaCapitalist's picture

Another Great Service from TFMR


Thanks for this introduction to Max Porterfield and Callinex Mines. I'll dig for more information later.

I'm almost certain that pm miners are going to be the play that folks talk about for generations and makes a lot of folks rich. The hitch of uncertainty is related to my fear of nationalization of mining companies in North America and/or windfall profits taxes. 

I'm enjoying the recent bull like behavior of the pm markets, but will admit I've enjoyed drastically dropping my dollar cost average the past five years. I have no idea how long metal will be on sale, but I think it's time to hit up JMBullion from your associate link.

LostMind's picture

I liked them, but just sold last week

They were trading sideways for way to long when it seems too many others were going up up up and up...

May have been wrong, but used proceeds to buy more First Finance...

Edit: just checked todays price... LMAO its up 24% from when I sold it... Oh well...

Phyz is my real long term goal...

Dirt_Reynolds's picture


'Rule of law.' That one wears thin on me. Largely because it is that exact phrase. The first time I heard it, fine, the third, time I smell a bullet point. I am not referring to just this interview. Mix it up guys. Jurisdiction that the legal frame work is robust yada yada.
Turd your method of transparency was creative, refreshing, a sincere thanks from me.
Tell Dan you want a raise.

I'm stackin! 

May I ask  some one to post Marchas's link. I can't find it, and I wanted to see it. TIA

OOOBuck's picture

Share the Love

Without going into detail, I would like all here to know that I required a lot of ol' Turd over the past few weeks and he came through like a friend.  So a big, public "THANK YOU"  (Now I have a better idea as to just how hard this guy works - for us and his future).  You got my vote, pardner!

Rakka's picture

nice pop - CLLXF

I bought 3,500 shares on Friday

I should sell now :)

Boggs's picture



Dirt_Reynolds's picture



Boggs's picture


What's not to like:

He has a hallow

He has white hair

He wears a cool red shirt

He wears a tie

He has a green wall for video

He has fake diplomas

He has the best smile of all time

He contributes to the website

he is "The King of stacking"

He show's Turd's charts

He has a cool accent

I guess those are the reasons I thought his video was cool, damn thing has over a thousand views since Friday.

OOOBuck's picture

Miners - Are you a believer?

Are you stacking because you've got a thing for bars and coins or are you doing it because you believe gold and silver are a better investment than anything else out there at the moment?  I'm a stacker too but I also own a variety of miners.

A good miner, one that is an established producer with proven management, cash reserves and large in-ground proven reserves - folks, in my opinion, that's darn near the equivalent of anything that ever sank with a boat.

Unless you are very, very wealthy, you can only buy your own silver or gold mine by the share and shares, like any other stock, will still be subject to the ebb and flow of a fickle market and that keeps a lot of stackers on the sidelines.  Some of the best miners descended with the stock market when it crashed last time but here's the difference, they bounced back as the price of gold and silver rose and then quickly outpaced other stocks and continued to soar.  In my opinion, if you hold a few quality silver miners today,  you will have more silver in equivalent "value" when the smoke clears than you will in your equivalent monster box.  No hernias moving it around or sleeping with a loaded shotgun; no worries of government seizures or bank bail-ins.  Just do your due diligence, choose carefully and select several different miners, preferably in different countries.  Average in/out, take profits and don't marry any of them.

Make no mistake, you're a fool if you aren't stacking while you can but if you don't have a piece of some great miners, you're also missing a very important asset to your financial future.

Marchas45's picture

OK Boggs

Now send me your address and I'll send along your 1 oz coin. laughlaughlaughlaugh

Keep Stacking

Boggs's picture


Gotcha, I just don't have the time or the inclination to follow the miners, I got burned and it left a bad taste in my mouth.  I would gladly put money into an account and let Turd trade it but I won't do it myself.  Not because I'm stupid (I am a CPA) but then again I am stupid when it comes to mining stocks. 

That being said, for me I just like to hold the coins and see where the price goes.  A few years ago I told my friends to get into Gold as it was going up, they kept putting money in the market and rib me for all my losses.  It's a friendly group and we joke about my "stupidity".  I just hold the coins.  One day I will be proved right, just hope it's not before I'm dead.  BTW, I have lots of dry powder but I don't want to go all in on anything.  I've learned my lesson.

Boggs's picture

Charlie, you're old enough to

Charlie, you're old enough to be my dad, I just celebrated my birthday with my wife and 4 daughters and guess who picked up the tab?  Yah, that's right me, cost me almost half an oz of gold.  

To be honest, I thought you were a fucktard with your 4th shit, and then I just decided to watch your video and was pleasantly surprised.  First impressions are always the worst.  To me you are "The King Of Stacking".  Long live the king.

OOOBuck's picture

Boggs - Time and Inclination

I fully understand your position.  Once burned, twice cautious.  Nothing wrong with that.

Here's the thing; I need to see a return on my money before the eventual economic melt down.  Looking for growth in an equity fund or in energy stocks doesn't make a lot a sense to me.  If I'm wise at all, it's in knowing that few other investments can rival precious metals at this time.  The most difficult thing about growth and miners is in recognizing the ebbs from the flows and selling/buying accordingly and your absolutely correct, that takes time, patience, and work.  If I choose right more than half the time and use only a portion of my holdings at a time, I'm a winner.  But I spend a lot of time on the wrong side, too.

Boggs's picture


well let me put some $ into an account where you have rights and you trade it, you can share in the upside and I take all the losses, nothing to lose for you. Don't know if it can be done but if it can I'll give it a shot.

BarnacleBill's picture


I too heard the siren song of EGO!  A sad relationship that went downhill rapidly along with my brokerage account.  

OOOBuck's picture

Boggs Taking all the losses

Dear friend - you are far too trusting.  You and only you should manage your wealth.  Bernie Madoff was extremely successful, respected and trusted.  It takes all kinds.

Boggs's picture


Thought I would try, I've owned a few successful businesses and done fairly well, that's where I spend my time.  However I believe this whole shit show (from the fermenting CB shit printing) is going to blow.  

Dirt_Reynolds's picture

Thanks Boggs.

If that wasn't sincere then I don't know what is. That carries a lot more for me than slick.

Off topic: Because I'm a visual person, is this "chart" correct as far as when the Shanghai markets are open?

I got the times from the SGE white paper

Boggs's picture

To be honest, I think this

To be honest, I think this site just reinforces my belief that math matters.  Math doesn't lie.  I really don't care what OI is, or that the 50 crossed the 200 or the 100 crossed the 50, or you crossed the street with your girlfriend.  That is important for traders and there are many here and I think it's good stuff for them.  

Pill just stack a little at a time.

Dirt_Reynolds's picture


Fix'd it. I think...

amarula4's picture

China Launches Yuan Gold Fix - #NewWorldNextWeek

AlienEyes's picture

@ Boggs

"Math doesn't lie."

Ahh, ever hear of "statistics" ?  devil

Joseph Warren's picture

Re: Corbett Yuan Fix Video

IMO James Corbett does a lot of good research. But, 4 years ago a very ill Bob Chapman asked Corbett to help him put out his news letter when he was too sick to do it himself. (I believe Corbett is still writing that newsletter - after Bob passed away, but I'm not sure. I no longer subscribe to it.)  Many times over these 4 years, I have heard people refer to Corbett as an 'expert' on economics and the financial markets in interviews. He is not an expert, but I've never heard him correct anyone on this - not once. He is a guy with an English degree who went to Japan to teach English to Japanese people. He was never involved in any way with finance or the markets. Was never a broker, trader, or economist & has no experience in these areas.

I liked when Corbett interviewed true experts on these matters. And, I do like his work in other subject areas. 

benque's picture

Rotten apples?

Apple expected to release horrendous financials later this afternoon.

Will the next bankster bubble be apple-loans, or i-loans for phones?

All I can say for sure is the banksters will squeeze every last drop of blood from the debt bubbles, and then squeeze them again, and again, and again.  Perhaps when the flow reduces below "bankster-super-wealth" sustaining levels, they'll begin a nail gun campaign in earnest, to reduce their own number.  That oughta be fun to watch.

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