CAI 0.00% 11.5¢ calidus resources limited

EXU looks like a good case study. Happy to be correctedMineral...

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  1. 206 Posts.
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    EXU looks like a good case study. 

    Happy to be corrected

    Mineral Reserve is 675k oz @ 1.79g/t
    Ore Reserve is 485k oz @ 2.09g/t
    Initial mine plan is 534k oz @2.07g/t

    EXU is a smaller resource than CAI
    $130M capex for a plant AISC about $1k oz

    Base case gold price is also very conservative
    EXU has a far better share structure.
    They just got taken out for $80m, which makes this currently look undervalued to me.https://hotcopper.com.au/data/attachments/1430/1430407-e69822f20be14c554eb018407ebf5bc6.jpg

 
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