Ann: Mining ramps up ahead of 1st production in June quarter 2022, page-12

Pleasing to see everything coming together when it needs to.

I note they are hopefully going to have a very nice pile of ore on the ROM pad before they turn the plant on. CAI management have no doubt looked at other startups (and the issues that arose) and will be doing everything possible to have as much ore as possible to mitigate all known risks.
CMM/EMR & WAF have proven that with enough slack time and preparedness, a mine should be profitable very quickly with a smooth ramp up.

Not overly excited about the extra hedging, as I struggle to see if the interest costs would have been outweighed by the extra revenue that they likely would have got from higher POG prices.


Looking forward to more updates, as from the company presentation released just now, the time line suggests that first gold might be around April, assuming they succeed in achieving all the pre-production mining they have planned.

The market seems somewhat uninterested, but... that is fine. It will take notice sooner or later.