Received today. You are receiving this message because you signed up for email alerts from inflation.us. If you no longer wish to receive these messages, please click here to unsubscribe. NIA is officially predicting that Caliber Mining (TSX: CXB) will become the #1 largest percentage gainer on the TSX Venture Exchange for the month of February 2016. We haven't begun discussing it with you yet, but CXB over the last few months has transformed into a company that fundamentally deserves a valuation that is 3 to 4 times higher than we originally calculated at the time of our initial suggestion in July 2016.
Perhaps the only way to explain CXB's unbelievably HUGE recent developments in a way that does it justice is to say... the management of CXB would make Donald Trump proud for their incredible ability to negotiate an amazing deal that will make the company many times more valuable in the eyes of prospective investors researching the company.
CXB was very fortunate in 2009 during the global financial crisis when Yamana Gold (AUY) was running low on cash with negative free cash flow of $100 million and unable to make payments on over $500 million in debt. AUY was forced to sell off exploration assets at firesale prices and CXB got what was then already the deal of the century - and this was 8 years prior to the amazing deal that CXB just completed in December. CXB in 2009 was able to acquire AUY's wholly owned Nicaraguan subsidiary Yamana Nicaragua S.A. for an insanely low dirt-cheap price of CAD$7 million.
All together, CXB acquired 860 SQUARE KILOMETRES of mining concessions in an area that is believed to contain one of the world's largest remaining undeveloped resources of gold!
Recognizing the potential of this once-in-a-lifetime opportunity, billionaire gold investor Pierre Lassonde who previously Founded and became CEO of both Newmont Mining (NEM)and Franco Nevada (FNV) - the world's two most successfulgold mining companies in history - decided to invest millions of dollars into CXB to become its then largestshareholder!
CXB entered into a joint venture agreement with B2Gold (BTG), a $3.19 billion market cap gold miner in Nicaragua. BTG was able to successfully earn a 51% stake in CXB's 66.1 square kilometre Borosi Mining Districtof Northeastern Nicaragua, which contains both the Primavera and Monte Carmelo Projects, by BTG spending $8 million to fund recent drilling campaignson the projects. On January 20, 2012, CXB surpassed its key resistance level of $0.26 and exploded 143.2% within three weeks to a high of $0.63 per share after BTG and CXB jointly announced the discovery of the first major porphyry gold copper deposit in Nicaragua.
On November 3, 2016, CBannounced its biggest news in history that it has successfully negotiated a deal to acquireBTG's 51% interest in all their Nicaraguan mining concessions so that CXB once again owns 100% of the Primavera and Monte Carmelo Projects. CXB didn't need to spend any of its cash! CXBissued to BTG 23.45 million CXB shares - making BTG the new largest CXB shareholderwith a 18.5% total stake!
It is a good thing that CXB made this deal when they did!About one month later on December 13, 2016, CXBannounced their first ever NI 43-101 Inferred Resource Estimate at its now 100% Owned Primavera Gold-Copper Porphyry Deposit of 1.2 million ounces of gold equivalent!