CAI 0.00% 11.5¢ calidus resources limited

Blue Spec Fault Line, page-9

  1. 439 Posts.
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    Mate, I wasn’t having a crack.

    You make a great point, the reserves (based on acceptable inputs by a Competent Person as per the JORC code, which are a joke and actually provided by Company…refer JORC statement re Reserves.

    I wouldn’t be so quick to agree with the acceptance of “Reserves” as a measure to base your investment decision. I’ll leave with this, the current debacle is based upon decisions and financing justification, predecated on the open pit Reserves at Warrwoona.., And you still trust a number from the Company on Reserves at Blue Spec….minable maybe in 2-3 years? Good luck mate
 
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