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subi1

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07/04/20

13:04

Post #: 43927131
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Originally posted by speculator101: ↑

Cheers for the T/A Fbx.

I was reading through some of the old broker reports, and still feel this one is the best.

CAI August 2019

I found this table makes CAIs current SP look particularly surprising.

Obviously the numbers are all pre-consolidation (10-1 shares).
But... the upside... is simply huge.

I think I posted this last year, but... I think it still provides a very good argument as to why CAI current share price is such a opportunity.

CAI on the above chart, still has not moved!
Yet is now less than 6 months away from the expedited DFS.
It also does not include the upcoming resource and reserves upgrade/conversion.
On current reserves, CAI is trading at just $116 per ounce. Yet, price of gold has increased by almost $1000 AUD.

In regards to M&A -

Since this report was written, we have seen RMS move on SPX (with a price per ounce in resource, yes, its U/G, but still. from memory, they paid $571!!, per ounce)

Early 2020 RMS SPX 52% Script & cash A$208m Penny Takeover

Its a shame the table does not show the resource and reserve metrics.

Either way....

Only DRM on that list was an actual producer. The rest were satellite projects to add to current plants.
With so few solid development ready projects on the ASX, well... I am surprised we have not see the likes of CAI snapped up.

Expand

The other thing that may have changed is the Australian dollar and therefore the Gold price that Calidus will receive.

CAI Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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