RE:RE:Calibre Mining's Price Target Seems Way OffMoose.
Raymond James just raised the target up @ $2.25.
We have all had pain for years and the only bright spot recently has been CXB taking control even though we don't like it. It's so hard to build from scratch a mine with V. Lakes potential and the costs to procure equipment and people while not yet in production.
I will be adding on the dips not much and see or hope the outcome for NFLD remains a strong with unknown as for real mineral reserves which the last leader did not or took too long to see the real long term valuation. Just look at all the others and what it will cost them in NFLD to get this far. Look at all of them like Sic, NFG all in the same lifeboat that wil need the financing down the road and partners. Will cost decline? I doubt it unless someone Nukes us all?
Sprott has funding for CXB as long as they meet criteria and so the long term my view a reverse split would be in the cards it would be a plus if the master plan and all the parts come together to make one good mid cap mining company and get that elusive rerating. It won't come cheap but most of the work is done except assembling the parts in NFLD.
Regards
PS
Yes my az hurts sometimes.