News: CAI Keras Says Calidus Resources Secures A$3.7 Mln Placement, page-4

Thanks Andee

This guy talks a lot of sense, good to be having him along side !
(Alkane Resources Ltd CEO, Nic Earner )




Also they give us an indication of the likely costings for production involved in:

Open pit currently A$1000-A$1200 per oz
Underground A$1150-A$1250 per oz

Open pit figure of A$600 per oz profit given by DR early on this year pans out with their calculations, ok need some lee way but must be there or there abouts !

Hence their involvement here, they can see the potential for our open pit as they withdraw to down underground!



Hope we see some upward movement, off the back of this announcement, in Calidus in the coming weeks!

GLA