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11.5¢ calidus resources limited

You have got to be kidding.14,500 max this quarter and a CR this...

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454 Posts.

82

07/03/24

01:22

Post #: 72783661
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Originally posted by Dazedandconfused: ↑

Hi The Mechanic

Just to cheer you up....I do think the production numbers you are hoping for are possible at the head grade of 0.8g/t.

Assuming nameplate run rate for the mill of 2.4Mt/year these are the numbers I get for a possible 3rd 1/4 production

300t/hour x 24 hours x 90 days = 648,000t ore processed x 0.8g/t = 518,400 ÷32 = 16,200 oz (this assumes minimal contribution from Blue Bar this 1/4)

For the 4th 1/4 things can improve with the inclusion of Blue Bar ore at 1.9g/t.

In DR's presentation at the Melbourne Mining Club he stated the contribution from Blue Bar will be 30,000t/month

30,000 x 3 = 90,000 x 1.9g/t = 5343 ozs
+ (648,000 - 90,000) x 0.8g/t = 13,950
= 19,293 oz
With the reduced hedge commitment for this 1/4 of 8,250 oz almost 50% of production can be sold at spot and if the hedge for the next 1/4 is similarly reduced 57% of production can be sold at spot.

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You have got to be kidding.

14,500 max this quarter and a CR this week or next.

Stop the fantasy.

CAI Price at posting: 14.0¢ Sentiment: Sell Disclosure: Held
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