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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 dpfor3on Jan 15, 2021 10:10pm
179 Views
Post# 32312346

RE:RE:Ridiculous

RE:RE:Ridiculous

Hi rdgeo44,

The volume on this selloff has been low to average, so I think it's just some tree shaking going on and of course nervous retail investors.  If you bought on that high volume spike to $2.80 or the last one to $2.60, there are probably some people cutting their losses or nervous to hold it over the weekend.  My average cost is about $1.40, so I'm going to hold tight. It might drop back to $1.80 area, but I can't see it going much lower than that unless gold really breaks down.  

As Tad showed in his previous post, Calibre would have well over $100 million in cash by the end of this year with $1800 gold and production at the low end of guidance.  Calibre would have almost $150 million in cash at $1800 gold and the high end of production - and that's after Sustaining Capex and Growth Capex.

The US market cap is $500 million right now, so the company would have 20-30% of the market cap in cash at that point and a free cashflow yield of between 10-20%. And that is an actual free cash flow yield based on enterprise value, not the BS version based on equity only like some commodity analysts like to use. For example Eric Nuttle loves to claim really high free cabal flow yields for oil and gas companies, but he bases them off of equity only, so they are dramatically inflated compared to what you'd see if you included the debt.  


Gold equities are stupidly cheap - they'd still be cheap at $1600 gold.  

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