CAI 0.00% 11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-29

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  1. 7,594 Posts.
    lightbulb Created with Sketch. 2098
    The way I read it.... head grade is 0.79 g/t with a strip ratio of 4.1 so the grade of the ore is 3.24 g/t.
    The updated AISC guidance to $1900 - $2100 is a 6% improvement which by my calcs should provide a head grade of 0.84g/t. (If the strip ratio drops to the forecast 3.3 the head grade is 0.98 g/t which brings the AISC down to the $1700 mark)
    Guidance is 65,000 to 75,000 ozs FY2024. I think 70,000 ozs is a comfortable assumption and represents the base case.

    Pirra IPO in a few months and things improve greatly if the Haoma stockpiles return an average JORC of 4g/t (which will substantially lower the AISC). Felix is early stage exploration and could surprise.
 
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