Calibre Mining Corp T.CXB

VERY LOW P/E RATIO OF 8 BASED ON 2020 EARNINGS

[Tad]

Earnings for 2020 were $0.19 per share in 2020.

Price to earnings ratio would be even lower had production not been halted
for two months in Q2 of 2020 due to the virus precautions which saw a loss of
$0.02 per share in the quarter.

I would expect to see higher earnings for all of 2021, especially considering
company forecasts of lower AISC and higher production ounces for H2 2021.

$0.05 /share reported in Q1 2021, should be $0.06 - $0.07 for Q2 and remains
to be seen if company hits or exceeds H2 guidance.

A reasonable but still conservative  P/E of 12 and earnings of $0.22 would 
place Calibre Mining share price at $2.64 .  i expect earnings per share to be
closer to $0.25 per share in 2021 as long as production is not affected by
virus containment issues. 

GLTA !

[Goldred]

Tad, one day soon shareholders will be rewarded here.  Calibre Mining is delivering the goods.  Happy to wait and add more at these prices when I can. Goldred

[Tad]

Goldred, We should get a good indication of H2 production targets during tomorrow's conference call, with Q2 financial statements released after market close today. Also hope to hear an update regarding exploration drilling with Rio Tinto joint venture.  ----------------------------------------------------- Q2 2021 financial results and conference call details The second quarter