RE:RE:RE:RE:RE:RE:RE:RE:Share price up, gold downI looked at Calibre briefly a while ago, just checked in and it seems to have done very well! Management seems to be competent. It seems like a solid company. It would be intrigueing at $1, but for ME, not interested at $2. Reason I wasn't that interested initially is that it doesn't fit my particular criteria. One thing Ian Stalker always mentions in his interviews is that in mining, you must always look at scale. K92 has SCALE! I'm not in it for the 120K oz production, I'm in it because it has the potential (very real) to be a 400k+ oz producer. Those companies are like hens teeth, and IMO they will command a premium. I seriously can't think of another junior that has not only an asset capable of producing that much gold, but the ability to self fund the capex requierd to produce that gold. If there is someone else please let me know!
Not to say that this company or that company is bad because it is a small or medium sized producer (they can make good money too), it's just my preference to look at projects that have the potential of scale.