Calibre Mining Corp T.CXB

I would put pretty good odds that cxb will buy cog

[stockmyster]

It makes sense. They know the country. The pea has a really good return, the properties aren't far from our mills and they can offer more because they don't need to build a mill with the spare capacity at la libertad. It's a no brainer except the country risk. I know they were trying to diversify and become a North American focus miner but this just would be a really good fit and cxb would then have 2 million ounces of reserve.

[edx]

Their PEA is 4 years old.  Their 2022 FS which wouldn't reflect current costs: • Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life • An Internal Rate of Return (“IRR”) of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case). • An Internal Rate

[geezer21]

Calibre may not have to incur the cost of installing a plant and simply  have a mining operation and haul the ore to their other plants. Condor has a new SAG mill that could be moved to one of Calibre's other plants to increase through put at an existing plant. The cost saving in not putting in a mill at Condor would more than compensate for haulage.  Also the grades appear high

[kcac1]

If you read the most recent 121 page presentation, the last thing CXB needs is more gold in the ground.  One of my concerns is country risk and CXB becomes so profitable the government wants a bigger piece of the pie or all of it. I think growth could easily be more than 20% per year right now by buying more equipment and high grading the current finds, particuarly with gold at these prices.

[geezer21]

The opportunity with buying Condor would be not only getting more high grade but also getting the opportunity to incease production with will likely be a low priced acquisition.

[geezer21]

Calibre may have a competitive advantage in the bidding for Condor.  Others who are not as well established and familiar with Nicaragua will not have the same confidence or be in the same position as Calibre to take full advantage of what Condor offers.