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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

Post by Tadon Aug 01, 2021 8:04pm
446 Views
Post# 33638914

VERY LOW P/E RATIO OF 8 BASED ON 2020 EARNINGS

VERY LOW P/E RATIO OF 8 BASED ON 2020 EARNINGSEarnings for 2020 were $0.19 per share in 2020.

Price to earnings ratio would be even lower had production not been halted
for two months in Q2 of 2020 due to the virus precautions which saw a loss of
$0.02 per share in the quarter.

I would expect to see higher earnings for all of 2021, especially considering
company forecasts of lower AISC and higher production ounces for H2 2021.

$0.05 /share reported in Q1 2021, should be $0.06 - $0.07 for Q2 and remains
to be seen if company hits or exceeds H2 guidance.

A reasonable but still conservative  P/E of 12 and earnings of $0.22 would 
place Calibre Mining share price at $2.64 .  i expect earnings per share to be
closer to $0.25 per share in 2021 as long as production is not affected by
virus containment issues. 

GLTA !
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