TSX:CXB - Post Discussion
Post by
Ridgeback on Sep 03, 2024 12:33pm
National Bank Says!
National Bank of Canada maintained its sector-perform rating and $2.85 price target for Calibre following the news.
The bank ascribed a neutral bias on the drill results, saying that it showed "tailwinds on grade and [ounces] for 2025 vs. the reserve block model," which contributes to modest de-risking and hints at tailwinds in year one production.
National Bank said the sample set is only a small portion of 2025 production, "so don't expect to move the needle."
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I agree with N.B. however I expect those tialwinds to increase as new assay results come in during the fall season along with a positive earnings flow. I expect slow upside towards that $2.75+ target this year which gives more opportunity to increase position. If all goes well given the positive news and oulook from all Calibre mine sites V. Lake will be the bonus money machine, 200K plus ounces X $2500 US looks sweet :) with AISC looking great from past estimates. In addition it is likely we'll see an overall increase in reserves and mine life well past 14 years.
I also like that SGS labs are doing the assay work so I'm expecting better turnaround times going into late fall which sets the stage for a nice bump in the share price leading into 2025 and the first Dore' Pour.
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