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11.5¢ calidus resources limited

Will need some working capital to get initial development U/G...

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big_bad_bossman

108 Posts.

15

01/03/23

20:17

Post #: 66547333
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Originally posted by eastwest101: ↑

Pretty bad time to have to go underground, the capital start up costs going underground are pretty big (e.g,. ventilation, portals, air, water, mesh, cable bolts etc) and also more labour and materials input intensive so more prone to cost inflation rather than open pit mining. Sure underground is more selective mining, but its always higher cost and less tonnes at a higher cost, everything is more expensive underground. Most smaller underground miners are suffering increased mining costs and margin pressures related to inflation.

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Will need some working capital to get initial development U/G but it can be kept pretty simple on first few levels once the decline is in.

What we need now is grade performance!

CAI Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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