Calibre Mining Corp (CXB)

[ThSeeker]

Undervalued? $2 est based on production

Calculation:
AISC $900
2020 production est 140,000 oz
$500 /oz x 140000 oz = $70,000,000
$70,000,000 / 328,021,247 shares = $.213
$.213 x 10PE = $2.13 /share (PE of 10 is conservative)

US$32.9 million cash balance. At December 31, 2019,

Highlights:
Stable government, with a political environment favorable to mining

Previous consolidated gold production by B2Gold at the El Limon and La Libertad gold mines over 1.4 million ounces

100% owned and operated, multi-asset gold production from El Limon and La Libertad gold mines

Consolidated gold production of 140,000 – 150,000 ounces1

Extensive exploration potential at both producing gold assets

Development stage Pavon Gold Project hosts opportunity to expand known resources