Thom Calandra on BTO & Nicaragua
https://www.stockhouse.com/Columnists/2011/Apr/1/Gold-junior-unveils-rising-revenues-and-profits
This week, I also saw evidence that might validate my belief that Nicaragua is an up-and-coming gold jurisdiction. I have been stating this, having been to Panama, Colombia, Mexico, Honduras and Peru but never Nicaragua, in Ticker Trax. B2Gold (TSX: T.BTO, Stock Forum) just unveiled rising gold revenues and profits. The greater income comes mostly from La Libertad mine in Nicaragua. An executive at a far smaller Nicaragua gold prospector forwarded me the report. B2Gold’s gold revenue for the fourth quarter rose to $47 million from 34,039 ounces sold. La Libertad contributed $34 million of the total; The rest came from Limon, another Nicaragua mine. Not having been to Nicaragua, and modeling my belief on themes I personally have witnessed in Panama and Colombia and Ghana and Mali, I am relieved. I am relieved to see some evidence that gold mines down there can improve output, grades, recoveries, and so on.
I do not own shares of B2Gold, which is active in at least three countries in the central and south Americas. I do own shares of two far smaller Nicaragua prospectors.
There aren’t many on the list in that small nation. I believe in Nicaragua, and yes, I have yet to see it with my own eyes. But don’t worry, I will. As I said, I own shares in two prospectors in Nicaragua. When I get down there, when I really fall in love with Nicaragua rock and then lose my shirt in the North America stock market, I’ll own up to that, too. No puff.