RE:Cash flow estimates Knock off 35% for taxes and royalties and other adjustments (back of napkin math here) and that's $0.2634 / share USD of profits. Let's assume USD will settle at about 1.32 CAD on average this year and that's about $0.35 CAD per share profit for the year.
Not that Calibre has been trading at a 10x multiple, but if it did you can do the math. At the 7x earnings it's trading at right now, that's $2.43 CAD / share. Think what will help with the low trading multiple are:
- increasing the reserve Ozs
- exploration at Gold Rock
- getting a state permit for Gold Rock as they're already federally permitted. It's Nevada, they'll get it. But will they get it this year? The future production potentiall will help derisk the Nicaraguan discount.
- Gold going on a run. I remember when juniors and intermediate producers traded at 30x-40x multiples and seniors at 50x-60x+ back when gold was continnuously rising after the Great Recession.
Should be a good year.