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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 stockpunteron Jan 16, 2024 5:27am
91 Views
Post# 35828342

RE:Global Fiat Currency Debasement

RE:Global Fiat Currency DebasementFortunately, we have historical records of POG in USD
https://tradingeconomics.com/commodity/gold

Gold was a pretty good investment over the last 25 years or so, but presently is near a USD price that it hit a about year ago and three years ago.  By comparison, you would have been much further ahead if, three years ago, you had invested in SPY, an ETF that tracks the SP500.

(BTW, the above is a great site for checking prices on a lot of different commodities)

As for CXB, they have great management and they "own" attractive assest in Nicaragua.  In my opinion, the SP is not great relative to company financial metrics because of country risk.
Current analyst target prices are about 50% above current SP and we all know that one year target prices often never are achieved.  So, is it worth risking your money on CXB?  Maybe, but I suggest you ignore the gold bugs and doomsters and think about possible scenarios specific to CXB.  Also, keep an open mind on POG.  A lot of it goes to China and India for excess wealth protection, traditionally.  Who knows what the future hold there.  Good luck.


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