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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 edxon Mar 20, 2024 4:56pm
161 Views
Post# 35943702

RE:RE:RE:RE:New Issue lead broker is BMO

RE:RE:RE:RE:New Issue lead broker is BMO
Ridgeback wrote: I don't disrespect anyone on this board. We all have a steak,mmme good taste but a little spice may help, as for in the Game. Understand most see this issue as wrong dilution. Contrary, it is a vote in favour with little investors like us whining. Go for it and build it out!

Best Regards, off for a few days.


I only see one longtime CXB shareholder complaining, but that's his default position on everything since he started posting here years ago. So it looks like there are quite a few skiddish ex-Marathon shareholders unhappy with the financing, which is weird because imagine Marathon had to raise this kind of money on its own - shareholders would have easily been looking at a minimum of 50% dilution, probably a lot higher, plus boatloads of warrants. That's assuming they could even find willing participants. This is probably why Marathon put itself up for sale.

Anyways, the most unloved sector right now is gold and silver miners as everybody is chasing the latest fad (tech, AI, crypto, blue chip stonks, whatever). As we all know, the tide will turn and when it does, all its going to take is a tiny re-allocation of institutional money back into the precious metals mining sector to move the markets so much nobody will remember this bought deal. The metals themselves are sitting at less than 0.5% allocation worldwide with a long-term average of about 2%. The miners are in event worse shape, but the increase in metals prices will make it impossible to ignore the profits generated by the miners. And when you look at the gold miners in particular, Calibre is one of the best opportunities for high growth and will take a disproportionately large share of those gold mining sector capital inflows relative to its production profile.

Valentine's 2022 feasibility study assumed a life of mine average gold price of $1700 USD. Today we're at $2200 USD and if you're invested in a gold miner (the few of us left) then you undoubtedly believe gold is going to plateau at much higher levels than they are today - whether that's $2,300 / $2,800 / $3,000 / $5,000 / $10,000 whatever). But if we assumed life of mine $2,200 USD / oz gold is realistic, that adds $1.7+ billion CAD to mine revenues with no associated increase in cost.

This financing is a tiny blip on the radar, not only because we will eventually see flows start re-entering the PM miners but also because the rising price of gold. So just relax and enjoy the ride.

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