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11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-80

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00Daz

317 Posts.

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27/01/23

16:09

Post #: 65913071
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Originally posted by elzephyrus: ↑

Early days of mining / milling will nearly always be lower grade, unless you stockpile some of the transition ore. Lom grade is 1g/t for the open pit. 10% dilution = 0.9g/t. If they can keep the mill running 10% above nameplate, that gets cancelled out. 0.85g/t through the mill in December so getting close.

Once we get into the deeper sections (u/g mining), grade goes up. On the right track but with still a few issues to sort out. I hope they can restructure some of the debt to give a bit more leeway. Price of gold only helps when we're pulling out a decent amount above the hedge. I calculate somewhere between $2460 - $2500 in realised gold price at forecast production for this half.

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Yes we sometimes can get teething problems at early stages. I’m sure good news will be coming soon. Just hoping there will be no more CR.

CAI Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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