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Calibre Mining Corp. (CXBMF)
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I have been retired for a few years so I spend a lot more time researching gold and silver stocks. For quite sometime now Calibre is the gold stock that I constantly find myself being drawn back to. Still a top choice. A lot of insider ownership to which is always nice. I am ok with Nicaragua. Could it go to 1.50 CAN - sure it could but in longer term it is up and possibly a buyout candidate as well.
Fundamentals are strong. This mornings PR reinforcement was exactly what I needed to feel secure as a long.
Calibre Mining made it to the GDXJ index.
Nice little but of news and price jump. Not sure if people realize the overall value and upside of this company.
Do any longs here have ideas as to why Calibre has ongoing price weakness relative to the sector? Calibre continues to show very poor relative strength compared to the sector despite being extremely undervalued and moreso now with gold climbing over 1900. Is this because of lack of sizable reserves or perhaps the country risk? Curious if others more familiar have any insights.
Nice drill hits!
That's a big spike in volume. Wonder what's up???
Green days lets go!!
Is that a cup and handle forming on the price of gold??? Could be interesting!!!
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There are 9 research firms have a buy/strong buy rating on Calibre and the range of target prices range from C$2.55(US$2.07) to C$4.55(US$3.70) as stated by Ryan King in his recent Renmark interview. Average target price is around C$3.07(US$2.49). So there is still some 50% upside with the current gold prices at US$1,790/oz. With the strong Q1 quarterly released yesterday, we should not have any issues getting to these target prices. The question is how soon do we get there.
The drill bit results have also shown that CXB can scale up their gold production with the increased mill utilization and higher average grade. I have a hunch they will easily beat their 180koz upper projection this year with the exploration success and brilliant 'hub and spoke' strategy. Perhaps B2Gold might make an offer for CXB since they already own 34%.
My kind of stock. Growing, making money, paid off debt, working to increase assets and profit. Best of all still under the radar of most investors.
been a holder for a long time. anyone else becoming frustrated with lack of exposure and incentives considering their cash flow. company has great bones, but a feeling like a waste of time as a share holder.
any insights about earnings expectations?
Calibre Mining Reports First Quarter Gold Production; Strong Start to 2021 with 45,452 ounces
VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce operating results for the three months ended March 31, 2021 (all amounts in United States dollars).
Q1 2021 Highlights:
Gold production: 45,452 ounces, highest quarterly production since Q3 2016;
Production includes the first ore delivery from the Pavon Norte mine to the Libertad mill
Demonstrating Calibre’s ability to advance new satellite deposits: ‘permit to plant’ in less than 18 months;
Gold sales of 45,882 ounces;
Cash on hand of $58.2 million, a $5.1 million increase from December 31, 2020;
2021 production and cost guidance remain on track;
Growth and exploration capital are currently expected to be H1 weighted;
More than 200% increase in Mineral Reserves to 864,000 ounces since year-end 2019;
Largest Mineral Reserve since 2010 with the highest grade on record, 4.49 g/t Au1;
High-grade drill results reported at Limon, including:
7.98 g/t Au over 6.8 metres at Atravesada underground;
8.92 g/t Au over 9.8 metres at Atravesada underground;
251.90 g/t Au over 1.0 metres at Limon Norte open pit; and
6.97 g/t Au over 6.1 metres at Panteon underground;
2 Wall Street analysts have issued ratings and price targets for Calibre Mining in the last 12 months. Their average twelve-month price target is C$3.14, predicting that the stock has a possible upside of 441.38%. The high price target for CXB is C$4.00 and the low price target for CXB is C$2.70. There are currently 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus rating of "Strong Buy."
Anybody have long term predictions for this stock? I've heard people say that it's good for day trading. I believe this is a strong long term investment, especially because they just paid off debt to b2gold a few months early. Still undervalued. What do you guys think?
I continue to be amazed at the lack of enthusiasm for this company, at least as measured by the activity - or lack thereof - on this board. At any rate, Calibre received another positive nod from John Doody a few days ago complete with a full page analysis. It is not one of his "Top 10" recommendations, probably because of it's size and infancy, but this is the second or third time he has written very favorably about Calibre. As long as it keeps flying under the radar, I'm a buyer.
Of the many, many mining stocks I follow and the 20 or so I own, I doubt there is any company that offers better opportunity than Calibre. John Doody (Gold Stock Analyst - Stansberry) highlighted Calibre a month or so ago forecasting much higher prices due to lower production costs and higher production rates. Also, he noted that since the company is new and not included on any gold stock ETFs yet, "significant demand" should occur when it is.
I should add too, that in his report Doody did NOT add Calibre to his Top Ten recommended stock list. I suspect that's due to the infancy of the company and to the fact that his list of 10 recommended stocks is at his 10 maximum capacity. Clearly he likes Calibre and I have no doubt he's monitoring it closely. Actually, I'm glad he didn't recommend it because a nod from him is always instantly followed by a big spike in price. Since I'm still buying, I'm happy to continue paying current levels. But, bar the door if Doody does add it to his list in the future.
As a long term investor, I've already accumulated a large position and I expect to continue accumulating and hold it indefinitely. I believe I'll be rewarded with a price a multiple of the current price in time. It literally checks all the boxes I look for in a mining stock. As an added bonus, this one is flying way under the radar. I expect that to change in a big way relatively soon.
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