RE:RE:RE:RE:Buy the dips! Buy on dips ?
I have bought on dips at the most negative times however there is still a disconnect between miners and Au/Ag valuations. As for CXB they are in a position where they do stand to benefit from precious metals record highs but they are still in a group that has no respect other than those who expect the share prices will rise.
It depend more now on what they make on returns and costs to produce.
Some companies like CXB in my view have built valuations based on exploration upside and the new V.Lake property coming on stream on time while Au stocks have been lagging behind the performance of gold and there remains the potential for a sector re-evaluations to provide support for gold companies that have the track record of CXB.
The only overhang with CXB is the number of shares however with Au valuations now and likely moving up there is also upside for the share price especially if CXB continue to meet or exceed expectations as they have done in past years? CXB remains undervalued with a substantial increase in cash flow, just my opinion?
So to make a wild guess CXB remains a buy on dips and assuming all goes well with many events on track and accomplishments to report as well as geopolitical events. My wild guess is $2.50 in 2024 before a re-rating which includes the money machine of V.Lake moving into production with the first "Dore' Pour 2025". I see Calibre meeting some of the analysts targets late this year. Just my view from a cloudy crystal ball.