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11.5¢ calidus resources limited

Blue Spec Fault Line, page-6

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160 Posts.

15

21/02/23

14:06

Post #: 66372926
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Originally posted by informativeation: ↑

Good analysis mate. The Blue Spec trend has been known about since the 60s and all have been romanced by the high grade over the years. It has passed through many hands. As you said, highly refractory but nonetheless high grade.

The issue historically is that the capital costs to extract the gold, even in a concentrate, is enormous. They never mention that Blue Spec and Gold Spec have been historically mined by Anglo and each time, it was a catastrophic failure because of capital costs and recovery.

To justify the capital costs to extract the gold, the ore body probably needs to be at least 10 x the current Resource. The Blue Spec trend doesn’t have that scale and Anglo didn’t walk away from one of the highest grade deposits (albeit small) for no reason.

Dont get blinded by the potential of Blue Spec to save CAI, it’s a distraction and a fantasy.

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Amazing how they concealed this historical from the ALK and others. Thanks you now is for all to see. Good job.

CAI Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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