BHC believes that with the current exploration programme, Calidus will increase its ore resources by around 80% to more than 700koz’s. This could be higher, but Calidus wants to de-risk the orebodies, so some of the current drilling will be infill, designed to lift material from the Inferred to the Indicated categories. We believe that an increase in the resource quality will lift the EV/resource oz closer to their peers resulting in a conservative, 50% valuation uplift per resource oz. We believe a near term market capitalisation of circa A$39M or A$0.043/share is easily achievable, indicating a 85% uplift from the current share price of A$0.023
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BHC believes that with the current exploration programme,...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.67M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $31.02K | 279.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1113508 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 847326 | 9 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.000 ( 4.55 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 11.5¢ | 11.0¢ | 184941 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| CAI (ASX) Chart |