CAI 0.00% 11.5¢ calidus resources limited

Ann: Opportunity for significant near-term production increase, page-65

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  1. 5,043 Posts.
    lightbulb Created with Sketch. 4056
    Some interesting back and forth about stockpiles, just a reminder to everyone that old stockpiles of ore almost always disappoint on gold grades and recoveries, and are also notoriously difficult to sample due to their heterogeneous nature. Its a geological thing.

    As for the Blue Spec Project itself, this is going to be an interesting case study in the theory that high grades can hide all sins.
    As for the gold antimony concentrate, its all about where its going and the payability. Several other companies in the past have come unstuck by exporting gold-antimony concentrates to the two main countries that treat these types of specialty concentrates - China and Russia - and once the stuff is on the ship you have almost no way of ensuring any payment at all from these smelters, you have zero trust and zero recourse in any dispute..
 
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