~21 comments on this announcement and around a third of them are from you with either overridingly negative commentary, or simply gross misinformation. Why is that?
Simply because facts are important, let's straighten a few things out, maybe I'm misreading malintent from your posts, and it's simply a case that you're confused.
1. You belittle the performance of the Calidus geologists, however, it is public record that the Warrawoona ore body is reconciling to grades in the DFS, the issue has been the requirement to process ADDITIONAL lower grade material to keep the plant running. The reasons for his have been discussed in public record multiply, not least including culpability and process issues with MacMahon delivering to their part of their ops contract - hence them transferring debt to equity in the company
2. The Haoma JV is based on a 60% PROFIT share, Calidus service their costs FIRST before sharing proceeds with Haoma. This would mean that even on the small Blue Bar stockpile at 1.5g/tonne, Calidus would receive a MINIMUM of 0.9g/tonne PLUS coverage of costs. Since the ore is stockpiled, it will broadly be loading and shipping. (i.e. current Warrawoona's 'head grade' of 0.8g contends with marginal costs covering blast, extraction, shipping, processing and admin costs, the stockpiled Blue Bar ore will only have marginal costs of shipping, processing and admin). Processing this Blue Bar ore will also uplift the Warrawoona production by reduing the amount of overburden and lower grade alluvials required to keep the plant humming.
3. You conflate the Blue Bar stockpile grade to the 4g/tonne in the original JV announcement and use this to belittle the deal and geologists - however, the original announcement referred to 4g/tonne stockpiles at a different Haoma tenement on Bamboo Creek, the Prophecy/Perseverance tenement. Blue Bar is one of many tenements included in the JV, it just happens to be 22km away from the Warrawoona plant and so is a quick win/easy priority
4. You then try to allude that Haoma wouldn't have left so much gold in the ground, which is a great superficial point, but it neglects the fact that the Bamboo Creek plant performs suboptimally, and that the Calidus / Warrawoona plant is the only plant of size and capability in the area providing a viable alternative option. Haoma have a huge portfolio of land and duly, prioritise their time and effort on areas that are most cost effective FOR THEM to process. That the land in this JV is prospectively gold rich, it is a much more attractive and viable propostion for Haoma to allow someone else to do the hard graft and receive a profit share (whilst they continue to focus on their current business priorities) and receive money, in essence, for nothing - as opposed to having to invest in a large capital investment initiative.
5. You seemingly ignore the main crux of the announcement which is the access to higher grade ore reserves (again only 22km away) that can significantly increase the 2023 amd 2024 throughput and returns for Calidus. It's important to remember that this would not be processing INSTEAD of continued Warrawoona operations - but ALONGSIDE which would serve to increase grade through the plant, and reduce the plant throughput of lower grade and overburden, as the core mine operation continues to strip Klondyke and expose the ore body.
Assuming you don't have a hidden agenda, I would assume that this straightens most of your concerns out and so will dramatically reduce the levels of knee jerk, overriding negativity and volume of posts you make that is otherwise clouding a very, very positive near term opportunity for this company and hopefully will see you posting with a little more fact and context here.
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