CAI 0.00% 11.5¢ calidus resources limited

"The ROI would require someone to buy it for les than ~ $20m and...

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  1. 34,361 Posts.
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    "The ROI would require someone to buy it for les than ~ $20m and pray like hell the gold price holds up for 3 + years.'

    Or maybe instead of praying put in hedged positions on both gold and oil for three years of mining , would require a well capped company to do that , as would also need to change the mining plan , and run their own trucks 200 tonne minimum payload instead of 100 tonne (777s) instead of using contractors and run a far bigger excavator on the waste rock . Company like CMM could probably do it .
    An accountant or Mining engineer running the company has a different strategy from someone who just knows how to drill holes and look at assays
    Last edited by plough: 01/07/24
 
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