PRECIOUS METALS

Calibre rebore aims high

Timing is everything. Ask what makes a successful junior and you will hear answers such as the quality and experience of the management team, the geology and other endogenous aspects of a project. All this is true but timing — management knowing when to execute — is often everything and the timing of the rebore of Calibre Mining could not have been better: a rising gold price, a host country steadying after turmoil and keen to attract new investment, a growing mid-tier gold producer willing to prune its portfolio and a market ripe for consolidation and growth stories.