CAI 0.00% 11.5¢ calidus resources limited

Ann: Investor Presentation, page-24

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  1. 2,369 Posts.
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    Yes I think mill head grade issues are now largely fixed. Back to 0.9 and on the up.

    The issue of water is the bigger concern, thats something we knew about in July but we thought had been rectified, but it seems it raised its ugly head again, and so now this problem is enemy #1 and is the primary focus to fix "once and for all". The fact there is plenty of bore water avaliable, means it will be fixed, just need a bit of time to setup.

    Re lithium yes there was some new direction stated in that webinar. New CAI 100% owned tennements and how that will roll into the mix and effect the 50/50 current Pirra split with Hoama. He also touched on other lithium plays, which might get added/rolled into the mix to make the project have real substance and opportunity. Not sure they would have much cash to spend at the moment, so maybe a 3rd partner gets brought into the JV? Speculation of course, but it seems the makeup and direction of Pirra is likley to have some material change before it gets spun out. IMHO
 
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