CAI 0.00% 13.0¢ calidus resources limited

The ASIC of $2000 is what is estimated from the latest...

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    The ASIC of $2000 is what is estimated from the latest presentation, IMO its definitely achievable now the cut-backstage are completed and strip ratios will be substantially reduced, infact next quarter IMO they will come very close to it.
    The next 3 quarters with the reduced ASIC, reduced hedging, reduced debt repayments will provide a very substantial cashflow and the likely conversion of $17 million in options, they will have plenty of cash for the development/expansion programes, IMO no more CR will be required.
    CAI now controls the majority of the know gold deposits and prospects in east Pilbara and has now potentially 4.2 mtpa of installed milling capacity, when they get both their mills in production at potentially 2g/t, that’s a hell lot of gold production.
    This is my opinion, not financial advice, dyor.
    Last edited by The Mechanic: 04/04/24
 
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