Australia's largest stock trading and investment forum Australia's #1 stock forum

CAI

Click for more information

0.00%

11.5¢ calidus resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-30

First 30 Last

Share
Profile

Follow
Dazedandconfused

7,579 Posts.

2088

27/07/23

23:51

Post #: 69026077
Share

Originally posted by Dazedandconfused ↑

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.

Expand

Correction on my math... at a strip ratio of 4.1 the average grade of the ore is 4.06 g/t

CAI Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

As Nvidia cools, we're looking to Aussie AI

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

CBA breaks trading record on strong day for Aussie financials

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

There are more pages in this discussion • 18 more messages in this thread...

First 30 Last

Add CAI (ASX) to my watchlist