CAI 0.00% 11.5¢ calidus resources limited

Ann: Maiden Bulletin Resource of 111,000oz at 4.1g/t, page-50

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  1. 7,585 Posts.
    lightbulb Created with Sketch. 2098
    Hi inside2020

    CR?... who knows? It is one of those memes which scares the easily frightened.

    As far as $2M for Pirra. In a previous post I thought Pirra was worth $6M to CAI but actually that is incorrect. SQM is paying $3M for an extra 10% so the valuation of Pirra is $30M. That places CAI dollar interest at ~$12M (roughly 10% of the current MC).
    With the example of WC8 which now has a market cap nudging $900M (up 22x in a few months) if management had not maintained its % interest you would have heard a lot of pained screaming from many shareholders... imo.
 
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