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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 demauleon Feb 16, 2022 4:57pm
153 Views
Post# 34435456

RE:Still on the tsx top volume list

RE:Still on the tsx top volume listHi Strato...I am in CXB only because I was in Fiore. The two things I liked about Fiore were that they were actually producing gold and had a 5 to 1 p/e ratio (that's one thing) and the second thing was the relatively safe jurisdiction. The first condition is satisfied by Calibre but the second is questionable. At first I thought I would wait until the Fiore purchase was complete, harvest my ten cents a share, and then look for an opportunity to get out. In the end I decided to wait and see what happens since I don't really know where to put the money at this time. Fiore was and now Calibre is my only gold miner. I did what limited research I could and it seems to me Nicaragua isn't the worst place in the world to mine at this time and Calibre is now somewhat diversified geographically so I am holding on but I admit I don't sleep as well as with Fiore. There may be 100m shares from Fiore in a similar situation to me and it wouldn't take much for me to want to lighten up or leave entirely. I am thinking that may be the reason for so many sellers. But what about the buyers?...someone is picking up a lot of shares. I am an optimist so I am taking the view that many of the sellers are just nervous about Nicaragua and many of the buyers are keen on the 5 to 1 p/e ratio.
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