Great post, I think your post is spot on but rather on the...

Great post, I think your post is spot on but rather on the conservative side, I see grades from the pit being .9-1g/tonne, they were .8g/t last March and June quarters, this deeper pit ore should be of a higher grade,.
In there March 22nd announcement they said they were achieving 1,500ozs per production, remains to be seen if they can maintain it. Your estimates of 229ozs/day is definitely achievable.
If the price of gold starts to appreciate, financially they should be in great position by year end, to expand operations by developing the underground operations and restart production at Nullagine.
There are a lot of very prospective exploration targets available to drill to substantially increase reserves, the Klondyke deposit is open along strike and down dip, Bulletin is open at depth, there’s also Mickey’s Find and Bamboo Creek. Also there are numerous prospective targets at Nullagine.
CAI is in the enviable position of having 4.2 Mtpa of installed milling capacity, which would probably cost $300-400 million to replace in todays market and take years to build. With some successful gold discoveries CAI would be able to bring them into production pretty quickly.
In a booming gold price environment, PE ratios go out the window,
IMO CAI has huge potential for production growth and is in for a major rerate in the coming next few months.
This is my opinion only and not financial adve, dyor.