Brien Lundin, in the March, 2015, edition of the Gold Newsletter, says hold Calibre Mining Corp., recently 14 cents. Mr. Lundin said buy Calibre in September, 2014, at 10 cents. A $1,000 investment at 10 cents is now worth $1,400. The company and its joint venturer, Iamgold Corp., recently started a phase II, 5,500-metre drilling program on the Eastern Borosi gold-silver project in Nicaragua. The editor says the goal of the program is to expand discoveries made in 2014. Mr. Lundin then turns his attention to the Minnesota property, also in Nicaragua, which he remembers being the reason he recommended Calibre to his readers. The company and its other joint venturer, B2Gold Corp., started a 992-metre diamond drilling program at Minnesota last October. Mr. Lundin says the assays, released in February, disappointed the market and the stock sold off on the news. B2Gold will continue exploring the property in 2015. The writer tells his readers that despite the disappointing early results, Minnesota remains a large project that needs more exploration. He concludes that as an exploration play, Calibre continues to have a good risk-reward profile. For now, however, he is moving Calibre to a hold.