Australia's largest stock trading and investment forum Australia's #1 stock forum

CAI

Click for more information

0.00%

11.5¢ calidus resources limited

Ann: Maiden Resource to underpin Nullagine Restart, page-23

First 23 Last

Share
Profile

Follow
CashedUpBogun

8,332 Posts.

914

17/06/24

12:25

Post #: 74349576
Share

Originally posted by The Mechanic: ↑

Who is Bob? I agree labor costs have gone up but this is more than offset by the strong Gold price and by the planned restart in early 2025 CY, IMO gold will be a lot higher.
What is the real killer for gold miners now is building a new processing plant which have more than double in cost in the last few years with inflation and also the lengthy time it takes to get it built and to get the approvals.
CAI is in enviable position of getting a processing plant basically for free which is in good condition and was only recently placed on care and maintenance in August 2022.
Potential for further discoveries at Nullagine are pretty good with 65km of strike-length of the highly prospective Mosquito Creek Basin, which adjoins the Company’s Blue Spec and Felix projects.
The last Gold bull run from 2001 to 2011 the price gold appreciated 3.5 times, hopefully we will see another such run which will be very positive for gold producers, particularly if you have 2 processing plants.

Expand

C&M carries costs, time is ticking.
This could go the other way and completely tank the business.
Super high risk for moderate reward for shareholders
not seeing the upside here
GLTAH

CAI Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

1 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NSM

North Stawell Minerals set to raise $1.3M in capital raising for exploration in Victoria

SGR

Thousands eye Star on HotCopper, SkyCity in strife – are ASX casino stocks safe anymore?

CRI

Critica unveils fresh REE hits near Jupiter play in WA – and 5 new prospects

THB

Thunderbird picks up plethora of uranium targets based on EM survey in Canada

There are more pages in this discussion • 171 more messages in this thread...

First 23 Last

Add CAI (ASX) to my watchlist

SPONSORED BY