would CXB soon become a takeout target?
Many have said, and it is obvious that if All of Calibre's (or Codor's) assets were in the US or CA, the stock(s) would be several mulitples higher. With CXB buying into the US now and a false Sanction scare caused CXB to tank about 50%, I am wondering if there is any chance of them being a buyout target by the Chinese in the not too distant future.
No bids have yet to be made public for Condor Gold which has almost a turnkey high grade gold pit mining project in Nicaragua and is selling its Nicaraguan assets. In a press release over a month ago, they said they had 3 non bidding bids, one by one of China's largest gold producers and 9 NDA's signed. And one company did an 8 day site visit as well as visited the Minister of Mining with COG execs. I am betting that company is Zijin Mining. They have a high grade mine in Colombia producing close to 9 tons of gold a year, a few 100 miles south and more gold mines within a few hundred miles east of their Buritic Gold Mine. No one has been able to leave the China for over 3 years due to their strict covid travel ban, so many of the Chinese companies now out making global deals and we know China is the world's largest buyer of gold.
I am thinking if they buy Condor, and with Ortega welcoming China to invest in Nicaragua and no longer recognizes Taiwan as a country to appease the Chinese that the fast growing high grade Calibre projects surely catch the eye of the Chinese. I would think a Chinese company would pay a big premium over a Western buyer for Calibre or at least its Nicaraguan assets. Any thoughts on this, with B2Gold having a big say? Current CXB market cap is about $550mmUS at $1.21US. What if a Chinese company like Zijin offered $2.5Bil for CXB in the next few months? There is almost no market risk for China and why many Latin American countries and other countries sanctioned by the US are turning to China for loans and welcoming them to invest in their countries with sweetheart deals on Royalties and taxes etc.
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Location
Buritic, Colombia
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Ownership
69.28%
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Project status
In operation + expansion
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Deposit Type
IS epithermal gold deposit
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Reserves & resources
Contained gold of 320t with grade of 6.93 g/t
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Mining & Processing methods
Underground mining + gravity separation + flotation
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2021 Production
6.1 tonnes of mined gold
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Project Overview
The Buritic Gold Mine in