CAI 0.00% 11.5¢ calidus resources limited

Ann: Maiden drill program commences at Spear Hill Lithium Project, page-12

  1. 3,368 Posts.
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    When you are a $10M Mcap explorer like RAS and you get an extra 570km2 of Li tenements courtesy of a farm in, which has nearology to CXO (read offatke with Tesla), then you can expect a big re rate.

    CAI is already $358M Mcap so you cant expect much upside for now. .But, in the long term?

    As a comparison to soon-to-be gold & Li producer CXO (currently $2.3B Mcap!!!) we could end up producing gold AND Lithium like them. We could get some nearology hype ruboff being not far from PLS's site. And like CXO we are not far by road to a major port.

    With patience, and a concerted push into Lithium exploration, with fortune favouring us, the possibility of multi bags from here is not in the realms of fantasy.
 
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