BTG - Calibre Mining: Growing From 100 To 500koz Per Year Profitably

2024-02-16 11:19:55 ET

Summary

• The current environment of increasing global instability provides favourable conditions for gold to continue its strong pricing.
• Calibre has shown impressive growth in production and reserves since 2019, generating significant cash flow and keeping dilution to a minimum.
• According to my valuation of the company, the stock has 68% upside to fair value.

Political polarization and radicalization. Rising debt levels globally. Rising interest rates. Wars in the Middle East and Eastern Europe elevating geopolitical risks. Moving to a multipolar world - dedollarization. There are many reasons to be bullish gold in 2024, which is why I'm always scouting the market for good leverage plays on the metal. Typically you will find the highest beta stocks among the smaller single asset producers, but with that high potential return follows high risk. Mid-tier gold producers like Calibre Mining offers lower risk, having multiple mines in operation in multiple countries, while still providing excellent leverage to a rising gold price....

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