Still on Track !, page-28

No prob Brian, being cautious is very understandable.

There is always risk, but... I prefer CAI to say, BRB and their fall from grace last year, or KIN and their fall from grace etc.
I was not careful enough and ignored the most important factors... management.

Found this earlier. Interesting that they include CAI. I do feel it puts CAIs main pit in a positive light. Especially when you take into account how shallow the pit will be, plus it being outcropping.



I think once the updated reserve comes out, with perhaps some deeper drilling results, CAI will start to get the proper attention it deserves.
The DFS is going to be very solid, and as per the video presentation I alluded to earlier, they have basically not even drilled out the extensions for the main pit, let alone all their other prospects.

With say, 750k in reserves, a 7.5 year mine life, very low capex, very low pre-production costs, and a high gold price, there just are not many other projects in Australia to invest in, be it a retail investor, or the likes of RMS/SLR etc.

I do wish they would at least undertake more air core drilling, its so cheap. Anyway, with an MC of $50m, an E/V of $44m, when you compare it to CMM, its just cheap, damn cheap.