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.

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Callinex Mines Inc

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Post by Goodtoreadthis1on Feb 14, 2022 7:37pm

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Post# 34428308

CNX can make a ton of money with Zinc like Ivanhoe

Ivanhoe may re-open it's Kipushi Zinc mine in 2025.

Look at these PEA numbers for Kipushi

After-tax NPV8% is US$941 million and IRR is 41%, based on long-term zinc price of US$1.20/lb, with pre-production capital cost of US$382 million. After-tax NPV8% is US$2.3 billion and IRR is 73% at current spot zinc price of approximately US$1.67/lb.

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Sirios Resource discovers visible gold in Quebec