Back in April, we brought in Max Porterfield to introduce you to his company, Callinex Mines. There have been several, exciting developments in the time since so it seemed like a good idea to get an update.
You might start by reviewing the audio from April Here's the link: https://www.tfmetalsreport.com/podcast/12057/special-podcast-max-porterf...
From there, please take a look at the latest global copper inventories and the weekly price chart. Any move back over $4.00 and things will begin to get quite interesting.
Perhaps the most important news is the maiden resource estimates that the company posted last week. Please be sure to review this link: https://callinex.ca/callinex-announces-high-grade-copper-maiden-mineral-...
So, in a world that is increasingly short of copper, new discoveries/mines are of paramount importance. You might begin your due diligence on Callinex by researching the company under its ticker symbols of "CNX" in Canada and "CLLXF" in the U.S. You might also be sure to visit the company website. Once there, here are just a few of the pages you should be sure to review:
- https://callinex.ca/projects/
- https://callinex.ca/investors/
- https://callinex.ca/wp-content/uploads/2023/05/Callinex-Presentation_Exp...
- https://callinex.ca/wp-content/uploads/2023/05/CNX_FS_Q2-2023_SEDAR.pdf
As usual, you should never take my enthusiasm for any company and turn it into your own enthusiasm. You must conduct all of your own research and then assess your risk tolerance and time horizon before considering any investment in anything. However, once you take a long look at what Callinex has going...and then pause to consider the supply/demand situation for copper going forward...you might come to the realization that this is a pretty unique story.
Many thanks to Max for providing this update. I very much look forward to monitoring Callinex's progress over the remainder of the year and into 2024.
TF
