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11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-50

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Jonnyash

1,323 Posts.

118

30/04/23

20:33

Post #: 67533568
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Originally posted by The Mechanic: ↑

Latest Crux interview yesterday with DR, link below:

The main points from the interview:
Production this year to be 70,000-75,000 ozs pa
build up to 130,000 ozs pa over the next few years
last quarter showed clear cash flow of $5 million
the strip ratios are still and will come down
$10-15 million required for the underground development
Capital raise was to help finance mine expansion and reduce perceived risk of CAI
Definately no further Capital raises
CAI is in a much bettter position to what it was 4-5 months ago
looking at high grade open pit at Blue Spec
a lot of exploration will be targeted at Felix near Blue spec and expanding the current open pit mine life
the Lithium assests to floated off later this year

Sounds like a good story to me, like all mining stocks nothing is a sure thing but I like the chances here.

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Not a bad interview, but more about long term strategies and less about current operations of the mill. Airport not online yet, so maybe that explains the labour churn.
CAI Price at posting: 20.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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