primary business is mineral exploration
Royalty interest in two producing mines in Flin Flon, Manitoba
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Message: Midas Letter / Callinan Mines Cash Flow Fuels Asset Search

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Hot Metal Market

posted on Jun 12, 09 07:26AM

CALLINAN ALERT – With Current Metal Prices next NPI should be huge!!


Metals send out a “buy signal for junior mining companies WITH CASH”

The metals are sending out the signal that Callinan should be re-evaluated from what appears to be an undervalued position in an improving metal market.

Dr. copper says that the swing to electrification in everything from infrastructure grid upgrades to electrical cars, in addition to recovery in general, is placing more demand on copper. China is the largest purchaser of copper, since the country has merely just begun spreading 21st century technology and prosperity to three quarters of the country’s population.

Gold, the holder of a bachelor’s degree in forecasting, has become a major currency as many countries have sped up their monetary printing presses. The price of bullion appears to be holding between $900-$1000 U.S. per ounce and appears to be going higher as the U.S. dollar, in particular, appears to be headed lower.

Of course, “cash is still king” for the moment, even in Canada where the dollar and the banks have been spared the carnage experienced by their counterparts in other countries. Those companies that have cash and continued cash flow with no debt, can not only fund their projects but also can negotiate favorable agreements with companies with good projects but no money.

Callinan Mines Ltd. CAA: TSX venture meets that criterion: Revenue, no debt, projects of merit in Canada.

Details: www.callinan.com

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