Ann: Restructure positions Calidus for strong growth in cashflow, page-46

Thanks for the feedback Dazed,

I'm hopeful that the production from Blue Bar will lift the grade to around 0.9 - 1g/ton, but was trying to go off the forecasted production numbers from the company. So it's likely that the grade for FY2024 is higher than in my calculations above. I calculated the grade from the numbers below, which is essentially what the company is telling us they'll be mining for FY2025 and FY2026.



I agree that it's likely for gold price to rise over the next few years, but anything is possible in the short term. I wanted to gauge if the company will have the cash flow to survive the storms over the next couple of years, without having to resort to all-time high gold prices each quarter.