Post by
frankie14 on Nov 04, 2021 12:45pm
Long term play
Thoughts on this has a very pessimistic view on Calibre, let me give my opinion. At $1800. gold miners right across the board are going to be making a lot of money, of course some more than others, but they built most of these mines assuming $1300. pog. At $1800. they are making a killing.We'll be seeing a lot more M and A activity, share buybacks and dividends. At a sustained $2000. pog the stock price on gold miners is going to skyrocket. And there is a lot of evidence that gold will go that high or higher. Junior miners will give you more bang for the buck in a rising pog envirement, expecially well run ones like Calibre/Fiore. If the pog does drop, then we might see Thoughts on this scenerio come into play which would make picking the right miners the utmost importance. I own some Fiore and am quite comfortable with the buyout and owning Calibre. Even if the pog drops somewhat Calibre will continue to expand and be profitable quarter after quarter and eventually the stock price will reflect that.
Comment by
silverT on Nov 04, 2021 2:23pm
Well said frankie..........thanks