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These ASX announcements are legal documents ... trying to second...

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    lightbulb Created with Sketch. 2025
    These ASX announcements are legal documents ... trying to second guess them makes no sense to me. They should be taken at face value until proven otherwise.

    This is a screenshot of the relevant info about Blue Bar
    Main points
    *Imminent restart
    *10,000t @ 1.5g/t from stockpiles. Why wouldn't you truck that to the mill? Cost of transport is covered by the JV, at a 60/40 split it is equal to the current head grade coming from WGP and no mining cost. 10,000t is only 1 1/2 days throughput for the mill.
    *pit design is forecasting 2.5g/t delivered to the mill. On a 60/40 that = 1.5g/t for CAI (which possibly works out more favorably due to costs coming out first)
    *Prior to the announcement the grade control drilling has been completed. The numbers have substance.

    As I pointed out in a post on another thread... this bumps CAI's head grade up to >1g/t which makes a huge difference to the economics. At the current head grade of ~0.9g/t WGP runs at a small operating profit. Everything above that is straight to the bottom line profit.

    Screenshot 2023-10-15 at 18-46-13 05vyxps7q5dd5v.pdf.png
 
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