Nice finish to the week!And quite a few catalysts coming up.
Those outstanding Marathon warrants are solidly in the money now, and unless some fund manager is sleeping, they will all be exercised, giving Calibre another cool $100 million in the treasury. The downside is that there is another 45 million shares issued. The warrants expire September 20th, so I'm expecting a news release soon after giving us more details.
And then the first week of October they will announce Q3 production numbers. I think the market is looking for proof that they are going to meet guidance, and so these numbers are going to have to show a big improvement over Q2. Im expecting at least 70,000 ounces.
And then in November, we'll see Q3 financial numbers. Given the record high gold prices, and decent production, these numbers should be spectacular.
And of course we've got a massive 200,000 meter drill program ongoing. For those of you new to the gold mining industry, this is huge. Most majors don't do this much drilling. There will be a steady news flow of drill results from all assets.