Rick RuleCalibre Mining Corp.CXB.VRISKYJul 19, 2024

They've grown by acquisition reasonably well. They bought 14% of Marathon which is building a mine in Newfoundland and which could be successful. Could CXB and Marathon merge and build a mine? Depends, because he hasn't seen CXB build a mine, but buy them.

Merger with MOZ. Could argue that merger reduces risk, improves capitalization, diversifies outside Canada. 

Done well, but he decided to upgrade his portfolio for higher beta. He now looks for larger, higher-quality names, and fewer developing names. Should see more acquisitions by this name. Not a shareholder, but no criticisms.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues have quickly grown over the past couple years and profit margins are strong. The company is in a good cash balance. Liquidity is also good, with positive free cash flow. Valuation remains attractive with 1x forward sales. Sales should grow by 14%. However, the company has missed most earnings expectations. A good valuation but there is risk. Unlock Premium - Try 5i Free

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There are some risks but the valuation is good. Fundamentals look good though growth is moderate. Missed most earnings expectations in the past. The balance sheet is healthy and has a $72,9M cash balance with no debt. Unlock Premium - Try 5i Free

They purchased the assets from B2 Gold last year. Some of the management is from B2 Gold. They did a strategic alliance with Rio Tinto.

He is attracted to their exploration ground and their joint venture. They have worked well.