 Hi, how are you doing today? This is Rich and we have a Rich TV Live with a very special guest, the CEO and president of Kalanex Minds Inc., Max Porterfield. How are you doing today, Max? I'm doing great. Thanks. Excited to be here. Excited to have you here today. And thank you for joining us and let's talk a little bit about your company. So first and foremost, I want to ask you a question about exploration. Did an exploration company soar and succeed both during a recession or a slow growth economy and a booming one? I mean, is it independent of general conditions? Can you give some examples, please? I think every business here in is going to be impacted by things that are out of their control. You saw this in particular in the base metal space when you had the U.S.-Chinese trade tensions and the trade war has kind of kicked up, had a dramatic impact on global zinc prices as well as other metals out there due to global growth concerns moving forward. With that being said, you're also seeing it again with the coronavirus, which I think the handling of that, the response that's been appropriate and measured, but I think the media is stereo around that's kind of also been detrimental and blown out of proportion given what it is relative to other things out there. With that being said though, exploration is really one of the few businesses out there where you can create tremendous amount of wealth for your shoulders and that's through a discovery. And that's kind of one of the things that we're primarily focused on, again, is to about their makes discoveries within Canada and economic discoveries going to make investors money no matter the market. Absolutely. And what do you think is the upside right now in precious metals, specifically gold and silver, to very hot commodities in a world with endless government debts, negative real rates and no solution in the foreseeable future? Well, I think it's going to be a strong market for precious metals for sure. Any negative real interest rate environment you're in, you're going to see the precious metals perform well. A year to day you've seen or more recently you've seen gold perform quite well. It's pulled back a bit, but I think it's healthier and a longer-term market for the precious metals space. It's underpinned by everything you kind of mentioned there. So I definitely see higher prices. It's going to be really good for the overall industry as a whole. People don't realize it, but over three quarters of the money's raised capital spent as well in terms of exploration actually does go to gold exploration. So a healthy gold market is also going to be a healthy junior exploration market as a whole. Very good. Now the company that you're leading, Calanex Mines, has been around for several years. In terms of market cap, we're talking about a very small company, only about 4.3 million in market cap Canadian, out of which Canadian 2.6 million is cash, meaning the enterprise value is only about 1.7 million Canadian. In other words, your portfolio of assets that are base metals centered with a key component of precious metals in them, along with the intangibles, like your expertise level and rapport with shareholders and institutions, is not being valued highly by investors. Do you think this is justified or not? I don't think it's justified at all, but obviously any of the valuations is historically cheap and we're not alone in that regard. As I mentioned earlier with the pullback that you saw in the base metal space that had a big impact on equity valuations. As a company, just about two years ago, when this all kind of started with the trade tensions and led to the drawdown and zinc prices, we were trading an evaluation of between $30 to $35 million valuation. To come down to $7 million valuation today, when the assets in the company haven't gotten any worse or had dramatic impact, and in fact have done a lot of work on the exploration front to generate some very compelling exploration targets that can create a lot of value and where I can actively out there testing right now, is quite unjustified, but it's a huge buying opportunity, which is one of the reasons I was a big buyer of the stock last year buying into this drawdown that you saw in the share price. Now can you tell us about your projects and what you plan to do with them or with the ones you're more focused on in order to de-risk them, extract the value and deploy an exit strategy for shareholders? Sure, absolutely. We're focused on three prolific Canadian mining jurisdictions, and really the portfolio is again acquiring assets that are in close proximity to existing infrastructure. The biggest hurdle that a lot of these discoveries have is the up-from-cap exit to go into production. It can be billions of dollars, quite frankly, given the location and giving the people the power, the water, the access, and all the infrastructure put in place can really be the big hurdle for an exploration company when they make a discovery. So when you really focus on making those discoveries within close proximity to infrastructure, that's going to compress your up-from-capital costs because it's inherently already there and reduce your hurdles dramatically in terms of making a discovery that's economic and has a big benefit. I like to say that we're doing purpose-based exploration in a lot of ways. Right now, again, we're focusing three camps. We're currently drilling in the Bathurst camp of New Brunswick. This is an area we had a maiden PEA or Nash Creek and Superject projects we recently acquired another smaller, higher-grade historic resource and our headway property. And all the drilling that we're doing out there is to really grow the scale of the mineralization that we already have to find through aggressive drilling campaign that we've been working on over the past year and a half or so in terms of target generation. So we're quite excited about that. And again, in terms of the purpose-based, this is an area, again, that's got a rich mining history. The Brunswick number 12 mine was really the flagship mine shut down in 2013 at one point that was the largest underground zinc mine in the world. And again, that's led to a lot of job losses in the area from mining, starting now in the Bathurst camp as well as the forestry industry obviously being impacted. You've got over 20% unemployment rate in Lorne where the Nash Creek deposit sits. And just down the road in Belle Dune, there's over 20% unemployment rate where there's the key infrastructure and they're actually shutting down a lead smelter there, which is going to really today accounts for 80% of the jobs in Belle Dune. So doing exploration in these types of areas where we have the people, you have all that infrastructure in place and you've got the geologic pedigree, it creates a lot of opportunities. We're also having a ambitious exploration campaign in Flintfond camp of Northern Manitoba. Again, Flintfond is a jurisdiction that's had 32 mines in county over the past almost 100 years. The triple seven mine, which is a flagship mine in the town of Flintfond that's been operating since 2004 is again going to be shutting down in early 2022. There is no new discovery and new mine to go into production and to take that place. So making an economic discovery in an area that's got such a prolific history and is immediate need and the community really depends on is really of importance to us as well. With that being said, we also have a gold silver zinc copper deposit, it's a VMS deposit in Newfoundland called Point Leamington and we're looking at that in different opportunities there from a metallurgical standpoint as well as from an exploration standpoint generating targets to be tested later this year and then that'll aside we're always looking for many opportunities in any of these camps to kind of put together with our already existing portfolio. So that's kind of what we're up to. That's how we see things and how we're our objective moving forward to aggressively agree value to the shareholder base. Very good. Now you mentioned that you bought shares last year. So do you own shares personally and can you kind of give us an idea of how much shares are held by friendlies or insiders within the company? Yeah, sure. So yeah, I am a rather significant shareholder. I own roughly four percent of the shares outstanding. You know, my family in total, I think in addition to myself owns just under 10 percent resource capital funds, a very large private equity fund has been a long term supporter of the company owns just under 10 percent. And then family offices own another 10 percent. And that's one of the other things in terms of outside of the really supportive shareholder base and everyone having skin in the game per se on the team is we also consolidated the share structure last year. And that's kind of a big component because all ships will rise in a rising tide. And, you know, we're going to outperform, you know, in that regard because of the share structure and going through the consolidation process after kind of taking the lumps that we had from the drawdown and base metal prices in 2018. Now, how passionate are you about Kalanex? What would it mean for you to get this right? Well, if I haven't come off as passionate, I don't know if I ever will, but I'm extremely passionate about what we're doing. Obviously very, very excited about what we're doing. Quite frankly, if I wasn't doing this, I don't know what else I would be doing. A discovery in Flint Fawn in the world to me, we've got a long history in as a corporate history in the Flint Fawn camp and coming in and learning about that history, actually being an American, I'm a Canadian now as well. But, you know, this town, I can go anywhere in the world and I can mention the Flint Fawn and someone will have heard of it in an odd way. And for a town that had a peak population of 15,000 people, it's really kind of made a mark as a small town here in Canada. And then in the Bathurst camp and in the Buckins camp, being able to drive those assets forward is obviously of most importance and it can have a huge impact to those communities as well, as well as from the tax revenue being thrown off these large projects. Now, there's investors that are going to be watching this video all over the world. How can they get in contact with you and your company and learn more about this amazing project that you're part of? Yeah, you can visit our website at callanx.ca, that's C-A-L-L-I-N-E-X.ca. Our contact details are there. You can give us a call as well as email. And then most importantly, if you want to purchase shares, they can obviously do that on the TSX venture into the ticker CNX as well as on the OTC QX, I'm sorry, OTC market in the United States under the ticker C-L-L-X-F. That is fantastic. Well, thank you so much for your time today. This is the CEO, Max Porterfield of CallanX-Mayens. Thank you for watching, everybody.