RE:RE:CXB Reports Latest Infill and Exploraration Drilling ResultsGoldred,
Hard to say what the share price will do on Thursday open with YE financials released the previous evening. Everyone knows this company is very profitable at US$1800 . I did some calculations a while back estimating the cash balance at the end of 2020 and 2021
https://stockhouse.com/companies/bullboard?symbol=t.cxb&postid=32276892 https://stockhouse.com/companies/bullboard?symbol=t.cxb&postid=32284848 Let's see what the YE cash balance comes in at .... the company may have spent more on exploration and infill drilling as well as additional capital in Q4, so cash balance may come
in lower than my $60-65 million estimate. Maybe $55 - $60 million is a more reasonable assumption ? And DEBT FREE ..... Still an enviable position to have for mining company to
be in .
Today's assay data was positive, but it appears the markets may have been expecting more ... ???
Could be that the market is waiting to see how the latest assay results translate into increased reserves and resources. Calibre stated we will get that answer by the end of Q1.
The whole sector has been pummelled as gold prices have fallen back from +$2000 in August .... but we're still hovering around $1800/oz ...... so we're lumped in with the rest of the mining sector .... there are so many good valued gold producers out there at the present time, but will the gold price co-operate in 2021 ...
GLTA !