RE:RE:RE:RE:RE:RE:Calibre Presenting at PDACGood News. I expect one of the factors that CXB saw was their Hub And Spoke approach potential for V.Lake as in South America, perhaps one more reason besides the undervaluation at that time? Looking good for the mill to be central to the pits including the new areas.
I must have horse shoes up me az/ I always liked the V.Lake potential and have mentioned IAU as well, both often present news on the same day. So today was no exception. As for CXB I have always said average down and on two accounts I need $1.80 to break even on one other account since the merger has been exceptional by averaging down late last year around 70 cents. +34.92% since completion of the deal. As far as IAU goes, also averaged down and need $2.00 to break even. Upside for both companies remains strong with IAU having higher traget prices and more coverage FOR NOW,CXB should easily get re-rated and perhaps some overdue real upside for both companies.
There are still many mid tier producers trading at lower values then those two picks as we all see so I can only guess as long as CXB and Au valuations remain on the upswing we should get some respect for our pain and patience.