RE:RE:C-TV News with CXB on Volcan and ValentineCompared to other companies producing 500K the share price is undervaled. Dertisking V.:ake which we will have some updates on shortly further increases the outlook to see rerating and generous returns on the shareholder valuation.
In an article in the Globe related to IAU they writer made a good point.
The junior miners, developers and exploration companies, however, have generally not seen the same level of investor response to higher gold prices, strengthening our view that investors are increasingly focusing on FCF. Due to recent inflationary pressures, operators were forced to identify operating efficiencies to reduce costs and maintain operating margins. These cost cuts have now resulted in many operations realizing record profit margins and robust cash flow."
I would says it's a safe estimate to see Calibre fitting the profile given the resent updates and near term production growth to achieve that 500K target.