CAI 0.00% 11.5¢ calidus resources limited

Seems likely - with no hedge to worry about they would have been...

  1. 1,189 Posts.
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    Seems likely - with no hedge to worry about they would have been at least marginally profitable already. Now with the debt out of the way its all gravy. Biggest question IMO is probably the reliability of the resource estimate at Klondike, if they've at least been able to stabilise recovery at around 0.8g/t, and if the amount of gold remaining is comparable to MRE figures. Assuming these aren't too far off, I don't see why the operation can't make at least 1000/Oz profit at current gold price, for 5-10 years, just off klondyke alone with a conservative annual production of 60-70koz.
    Not too bad of a proposition for a $200m investment for Creasy. And leave us with maybe 25-30c on the dollar after recommencing trading. That's my optimistic case scenario anyway, maybe I'm dreaming. No doubt Informative would throw cold water on it but they seem to have disappeared from the threads after either completing or failing their intentions here, not sure which
 
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