Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and... see more

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TSX:CXB - Post Discussion

Calibre Mining Corp > Nicaragua gold mining friendly

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Post by karead on Aug 15, 2024 11:38am

Nicaragua gold mining friendly

“We see incredible opportunity in Nicaragua, which has a significant history of mineral development and responsible mining"

Obviously others see the value there as well...

https://www.mining-technology.com/news/centurion-nicaraguan-gold/?cf-view

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Comment by stockpunter2 on Aug 15, 2024 12:42pm

No doubt that is correct. But, there is also a possibility of a total bust due to geopolitical risk. Once the USA seals off this country like North Korea, China will buy the assets. Frost-gringo miners will have no recourse. Alternatively, Ortega gets overthrown and the enablers (CXB) will get dispossessed by whoever takes over. In the meantime, enjoy watching CXB SP ...more

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Comment by karead on Aug 15, 2024 12:59pm

The world is full of possibilities. Your scenario is possible as well. Highly unlikely though, and the current share price reflects that risk. Otherwise, many more positive scenarios exist as well.

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Comment by stockpunter2 on Aug 15, 2024 1:16pm

would you buy a winter home there?

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Comment by karead on Aug 15, 2024 1:28pm

Absolutely. I'd rather be there than Canada. In fact I'm driving my motorhome down to Mexico this winter and continuing through Nicaragua. Hoping to visit the mine.

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