Opinions
Rick Rule
Callinex Mines
CNX-X
TOP PICK
Nov 11, 2016
$0.630
Stock price when the opinion was issued
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COMMENT
He likes his present position, but is not adding to his holdings. They are drilling a lot in the New Brunswick area, and basically adding a resource together at their Nash Creek and Super Jack projects. They are trying to build up to a preliminary economic assessment, which should be available in the latter part of 2017 or early 2018. His initial interest was more in the Flin Flon mining district in Manitoba.
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He wants to caution people on this. It is a small-cap company, and he hates recommending small caps on BNN. It is an exploration company. They drilled a spectacular hole in Flin Flon Manitoba, which traditionally has been a good place for zinc VMS deposits. They have a wonderful, deep, geophysical whole, but now need to drill some delineation holes. This is either going to work or it is not going to work.