CAI 0.00% 11.5¢ calidus resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 402 Posts.
    lightbulb Created with Sketch. 64
    Not sure whether my calcs and conclusion are correct here, but if they are, it explains why the mine has been shut down.

    Anomaly : Blue Bar JV not separated. Ounces grouped with Klondyke.

    Ascertain Klondyke only : DR states: 1700 ounces from Blue Bar less than normal as 3 week shut down. Therefore 1700 / 3 weeks x 13 weeks = 7,367 ounces should have come from Blue Bar for the quarter. Therefore 7,367 - 1,700 = 5,667 ounces approx. did come from Blue Bar JV.

    Therefore total gold poured 16,905 - 5,667 from Blue Bar JV = 11,238 ounces only from Klondyke. (even worse than Dec Quarter)

    So Klondyke only produced 11,238 for the Quarter. That would be why it has been shut down.
 
watchlist Created with Sketch. Add CAI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.