CAI 0.00% 11.5¢ calidus resources limited

Drilling underway - pic, page-7

  1. 11,932 Posts.
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    Hi Nuc.
    It's actually quite difficult to even guess at, as the last time the resoruce was updated, was back in Feb, of 2019!
    There has been a heap of infill drilling, plus.. a small amount done on the U/G, which saw good results back in Dec 2019.
    They currently have 418k ounces in reserve.
    With, a further 377k in indicated. Now... if, that is all we can work with a 70% conversion to reserves is a reasonable assumption.
    So... 264k more....? Total - 681k. That includes the U/G.

    I would be happy enough with anything over 600k, although I am kind of hoping they beat that. (ok.. I would really like to see around 700k+).
    Usually there is more data to work with, but... hopefully not long to see if I am anywhere close...
 
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