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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Comment by theCurseon Mar 12, 2024 1:36pm
111 Views
Post# 35928797

RE:RE:RE:Excuse me while I take this moment

RE:RE:RE:Excuse me while I take this moment
Angelique01 wrote:
theCurse wrote:
karead wrote: to laugh at all of those who sold due to Nicaragua "country risk".


That does not even make sense.  Did something just "change forever" there?  It's no different from a miner that i am very familiar with and hold - EDV.  They trade at a discount because they are purely West African based. 

Nothing will change that.  I accept it.  There is risk.  Foolish to think otherwise.

tC


I don't think karead is implying that country risk does not exist.  It does.  However there are many positive factors that a lot of people chosse to ignore and simply dismiss Calibre as an investment based on its geographical location in Central America.   That is a big mistake.  Share price performance in 2024 speaks for itself.


Share price performance in 2024 is maily due to MOZ takeover closing which has significantly reduced risk and at a takeout price near the cycle bottom.  imo.

I found the post to be condenscending to investors who would rather not be exposed to that level of risk.   Prior to VL, the level of risk of CXB was quite high. 

tC




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