Callinex Mines Inc V.CNX

Alternate Symbol(s): CLLXF

Metals & Mining Industrial Metals & Minerals

Callinex Mines Inc. is a Canada-based company, which is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The Company's projects include Flin Flon Area - Pine Bay, Flin Flon Area - Flin Flon, Nash Creek and Superjack, Point Leamington, and others. It owns a 100% interest in the approximately 6,795 hectares Pine Bay project. At Pine Bay project, the Company is focused on the advancement of the high-grade Rainbow Deposit and Descendent Deposit. Its Nash Creek project is located in the volcanogenic massive sulfide (VMS) rich Bathurst Mining District of New Brunswick. Its 100% owned Point Leamington Deposit in Newfoundland is located in one of the richest VMS and Gold Districts in Canada. Its Flin Flon project covers approximately 2,455 hectares. Its other properties include Gossan Gold, Sneath Lake property, Moak Lake property, Herblet Lake property, Headway property, Headway North claim, and the Island Lake properties.

TSXV:CNX - Post by User

Callinex Mines Inc > RE RE VALUE

<< Previous

Bullboard Posts

Next >>

Comment by Silversailor88on Jan 28, 2022 1:38pm

158 Views

Post# 34372313

RE:RE RE VALUE

Based on the NPV and an 1.60 zinc price with a 10-15% discount figure we should be between $13-$15. And that's only based on New Brunswick. That doesn't account for the 1.4 million ounces gold @Pt Leamington or Rainbow/Pine Bay 5mt + Cu.
Assays are pending stock will move with such a low float.

Additionally, any new discoveries near Raimbow (CEO says they are actively drilling) should help as well.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages