Callinex Mines (CNX-X)

(A Top Pick Nov 11/16. Down 39%.) Had a great initial discovery, but subsequent drilling results have not kept pace with initial drilling results. He likes the property and the people but sold his stock.

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.

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.