CAI 0.00% 11.5¢ calidus resources limited

Very positive interview, main points:Nullagine to add...

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    Very positive interview, main points:
    • Nullagine to add 30,000-40,000 ozs pa to production
    • all production to be hedge free
    • to bring Nullagine mill back in production will only cost $2-3 million, mill currently in very good condition
    • numerous very prospective prospects to explore
    • at current gold prices margin will be $1000-$1200 aud
    Should add considerably to cash flow, feasibility study out within 3 months and production targeted to start 6-9 months.
    Last edited by The Mechanic: 22/06/24
 
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